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.

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