Unite reaction to Lloyds Banking Group results
Derek Simpson, Unite Joint General Secretary said: “The huge losses announced today by Lloyds Banking Group further illustrate the dire straits in which the financial system finds itself.
“More then ever it is essential that the new Lloyds Banking Group retains and protects its hardworking staff. The employees up and down the country in branches, call centres and processing offices have the skills and commitment to ensure that the company can emerge from this crisis. Now is not the time to reduce what is clearly the bank’s greatest asset, its staff.
“As the taxpayer looks to insure the assets of this and other financial organisations it is vital that jobs are retained. Staff can not be dumped on the dole where taxpayers will simply have to pay again.
“Already in the last few months many employees have lost financial security as the value of their hard-earned shares have been wiped out. Unite members working in the Lloyds Banking Group must now be given assurances that they will not pay further for the mistakes of the senior bankers which made the acquisition of HBOS necessary.
“We will oppose any compulsory redundancies or offshoring of UK jobs from the bank.”
Ends
For more information or interviews please contact: Saba Mozakka on: 07768 693 953 or 020 7420 8916.
-01.png){kind=spacer}