<<< back Lloyds TSB Announces 465 Job Losses Linked To Offshoring 'Jobs To India' [10 May 2007] Lloyds TSB has announced that it is to close five of its operations in South Wales, the South West and the North East, resulting in the loss of 465 staff. It has accepted that the opportunities for redeployment in all these areas will be slim and that redundancies will be inevitable. But what Senior Management has sought to conceal is the fact that these job losses are directly linked to its strategy of offshoring work to India. The work is to be transferred to other areas of the Bank, where there is surplus capacity after staff at those locations had their own work transferred to India. In other words, staff in the operations due to close will be victims of ‘offshoring by proxy’ The areas where Lloyds TSB is to close operations and make job losses are as follows: Swansea:211 staff Plymouth:126 staff Cardiff:38 staff Stockton:35 staff Taunton:55 staff The closures are planned to be complete by the end of November; exactly 12 months after the Bank closed its Newcastle Call Centre with the jobs of 960 existing UK staff being transferred to India. Click here to view 'Press Release' <<< back

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