Then you have given all your family duff info, Tanker. No one is too old to learn or do research. Barclays 3.25 is NOT the best rate and also, as maggie has pointed out, does not allow transfers in of existing ISA's balances.

skinny. lloyds is now run by a loser so god help the customers and holders

h it is better than 2.65 lloys rips off it customers

signing off for 4 weeks . good luck to all on the market

Going on hols with your profits from lloy i expect.,. will keep mta warm for you till you get back:))

-anker signing off wonder what his next guise will be perhaps a hole.

LOL::

Still waiting for the 85p Target to be broken hahahahahahahahahahha

doesnt the graph just say it all?? have they learnt? nope. will they change? nope. will it happen again? yep.

Oh and just remember how many bonus payments were made for producing such a graph if I worked to that standard I quite rightly would have my a--se in a sling.

Lloyds to cut 570 more jobs and outsource up to 600Antio Horta-Osio angers unions with plans that will increase total job losses since HBOS rescue to 27,000


Share78 Comments (19) Jill Treanor guardian.co.uk, Thursday 17 March 2011 14.27 GMT Article history
Antio Horta-Osio, Lloyds' new chief executive, has unveiled plans to move 450 back-office roles to outsourcing specialist iPSL. Photograph: Dominic Lipinski/PA

Antio Horta-Osio, the new chief executive of Lloyds Banking Group, has angered unions by announcing plans to cut 570 jobs and outsource up to 600 roles.

The announcement pushes the tally of job cuts since Lloyds rescued HBOS at the height of the banking crisis close to 27,000 as the management cuts staff to reduce costs and try to bolster profits.

The bailed-out bank said the job cuts were a direct result of the integration of Lloyds and HBOS. Jobs in the wholesale, retail, insurance, group operations and human resources divisions will be lost.

Unions said that up to 600 jobs were to be outsourced. Lloyds announced 450 of those positions when it said roles inside its cheque and credit processing division would move to iPSL, a joint venture set up a decade ago by Unisys, Barclays and Lloyds TSB. HSBC is also a part-owner. The outsourcing specialist already handles such tasks for the bank and it is understood that another 110 people are likely to be transferred to other outsourcing companies shortly.

The bank, which is in the middle of a major strategic review ordered by Horta-Osio, insisted compulsory redundancies would be a "last resort".

Even so, Unite's national officer David Fleming, said the news would be met with "despair" by staff. "Just two weeks ago this taxpayer-supported organisation announced profits of 2.2bn. Yet this decision represents a total failure by Lloyds to recognise that this turnaround is the outcome of the work of their staff," he said.

"Unite strongly opposes any attempt by Lloyds to make compulsory redundancies and is demanding that the organisation ends this practice of drip-feeding job-loss announcements, while increasing the number of agency staff being taken on."

Horta-Osio has already begun to make his mark at the bank, after having taken the helm at the start of the month. Helen Weir, head of the retail bank, is leaving, as is Archie Kane, who ran the insurance business.
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horta is a complete loser .

horta is a complete loser . will our accounts be safe to outside firms having how details . i think not more fraud on way best close our accounts and move to barcs

the chairman said daniels had done a good job what a bloody joke he should step down , nutter

Doesn't four weeks just fly by, Tanker!

even in the sun you can trade today have bought 28000 barc

Banks, stockmarkets, insurance , all thrive on self congatulations. After all if they relied on their share holders to make the decision, who should have pay rises and bonuses, there would be some very poor execs out there. I reckon Santander will implode in the next year or so??

Santander 3.7% for 2 years. Though no additions or withdrawals during the term.

just bought 1000 a point long bet with IG...heard a whisper today...hmmmm

hope you got a guaranteed stop loss or could prove very expensive, however fortune favours the brave so good luck.