Totally Stupid Bankers

Wednesday 29 July 2009

Merger Costs 60 More Jobs

ANOTHER 60 jobs have been cut as a result of the merger between the Bank of Scotland and Lloyds TSB, with 45 expected to go in Edinburgh.

The remainder of the losses will be in Rosyth, but all redundancies will affect backroom workers.

The cuts were announced yesterday as a result of the Lloyds Banking Group combining its HBOS and Lloyds TSB retail network offices to create a centralised Scottish centre.

The latest round of redundancies brings the bank's figure to 8,700 over the past 12 weeks.

Source: Edinburgh Eveing News.

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