Lloyds looks to move 1,900 staff to IBM to cut costs – union

LONDON Lloyds Banking Group plans to move about 1,900 staff to IBM in a restructuring plan aimed at reducing costs but which could see the bank’s security weakened, according to a trade union.

Lloyds Trade Union said in a newsletter to staff on Sunday that the transferred employees would be kept on for a year, but most would lose their jobs after four years.

To see the full content, share this page by clicking one of the buttons below

Click here to Read from the source

x

Check Also

Yen at three-month low on Abe win, euro struggles with Spain

SYDNEY (Reuters) – Japan’s yen hit three-month lows on Monday as an election win for ...

Shares