Life as a Londoner

[PAH]

LloydsBanking group are using today to bury bad news of job cuts.

Why don't they go the whole hog and torch their own branches. Claim off the insurance instead of having the cost of closing them down.

[SueEllen]

Why don't they go the whole hog and torch their own branches. Claim off the insurance instead of having the cost of closing them down.

It's probably been done for them already over the last few days.

[russell]

LloydsBanking group are using today to bury bad news of job cuts.

Where are you seeing this?

[SueEllen]

Where are you seeing this?

I'm listening to talk radio and it was announced.

[russell]

I'm listening to talk radio and it was announced.

Ah OK not seen it on the web yet.

[PAH]

It's probably been done for them already over the last few days.

I'm surprised by the apparent lack of bank robbery reported last night.

Maybe the bank robbers were too slow off the mark and didn't realise it was a free-for-all, or it takes special tools to break into the safes so they didn't have time to get organised.

If the same happens tonight I expect every bank and cash point to have been raided. A proper run on the banks. Last night was just teens raiding shops. There must be loads of hardened criminals itching to fill their boots.

If I was one of them I'd be organising a similar event in a different city now all the reserve coppers are being brought into London.

[SueEllen]

I'm surprised by the apparent lack of bank robbery reported last night.

Maybe the bank robbers were too slow off the mark and didn't realise it was a free-for-all, or it takes special tools to break into the safes so they didn't have time to get organised.

If the same happens tonight I expect every bank and cash point to have been raided. A proper run on the banks. Last night was just teens raiding shops. There must be loads of hardened criminals itching to fill their boots.

If I was one of them I'd be organising a similar event in a different city now all the reserve coppers are being brought into London.

Manchester looks good.

[NorthWestPerm2Contr]

Manchester looks good.

I have been saying that for years.... Though when we say Manchester we actually mean certain parts of greater manchester i.e. Sale, Altrincham, Cheadle, Wilmslow, Knutsford, Bramhall etc...

[CoolerKing]

Ah OK not seen it on the web yet.

Organisational changes announced today
This morning we have briefed affected colleagues about changes taking place in our Simplification and Integration programmes. This overview provides detail on the main changes that have been announced today.

Simplification
As announced on the 30 June, a key objective of the Strategic Review is to become a leaner, agile, more responsive and simpler organisation focused on the UK.

As a result of today’s announcement there will be a reduction of 1,120 roles. This number forms part of the overall reduction that was announced in June.

By becoming more efficient the Group will be able to re-invest in growth initiatives to deliver better value for money products and services whilst providing investors with strong, stable and sustainable returns.

New team structures are today being announced for Risk as well as Group Corporate Affairs, Customers and Brands, Products, Mortgages and Operations within Group Operations. All aim to simplify and align existing structures and put us in a stronger position to deliver the Strategic Review.

Integration
As a result of today’s announcement there will also be a reduction of 180 roles across the Group related to Integration. Full details are available on the relevant business unit intranet sites.

Supporting our Colleagues
We are working closely with all the relevant colleagues, giving them the support they need. Line managers will work consistently and flexibly with those involved to ensure the changes are managed sensitively. Our policy is always to use natural turnover and to redeploy people wherever possible to retain their expertise and knowledge within the Group.

Where it is necessary for employees to leave the company, we will look to achieve this by offering voluntary redundancy. Compulsory redundancies will always be a last resort.

The Group's unions, Accord, Unite and LTU were consulted prior to this announcement and will continue to be consulted throughout the process.