- 4 updates
"As part of the Group’s simplification programme set out in its 2011 strategic plan, the decision has been reached to close Essex House, leading to around 570 role reductions. A further c75 members of staff currently at Essex House will move to our Chelmsford location.
"As with any decision that affects our colleagues, this was a very difficult one to make. We will do everything we can to provide support for both our employees and the local community to manage this transition.
"We will work with our colleagues wherever possible to try to find suitable roles for them elsewhere within the Group."
Unite, Britain's biggest union, accused Lloyds Banking Group of creating a 'constant tide of cuts' as a further 850 job losses were announced by the bank today which is still part-owned by the public.
The announcement means the bank has announced almost 2,750 jobs cuts since the start of the year.
Today LBG has announced the closure of its office in Southend Essex putting 690 jobs at risk. The bank is also cutting another 160 jobs across its commercial banking and bancassurance operations.
Lloyds Banking Group has announced it is to close its office in Southend putting up to 690 jobs at risk. The bank is also cutting another 160 jobs across wider operations.
The group has now announced almost 2-thousand 750 job losses since the start of the year. The Unite union has accused the bank of creating a 'constant tide of cuts'.