Lloyds, Tesco and Direct Line all announce job cuts

Lloyds banking group, Direct Line and Tesco’s have all announced they will be making staff cuts from May 2020 to 2022.

Lloyds has said it will be cutting 780 full-time jobs this year across its branches, with customer advisers, banking consultants and branch managers being roles the bank will be making cuts to. The bank is making this decision as customers seem to be using branches “less often”.

Scott Doyle, from the Unite union, was not impressed by Lloyd’s decision and said:

The decision by Lloyds Banking Group to cut the equivalent of 780 staff from its branches is yet more evidence of the bank’s profits over people culture.

Direct Line has told staff it is planning on 800 job losses across its locations between 2021 and 2022. It has also announced one of its regional offices will close.

The insurer said it blames customer behaviour, as customers are moving to digital.

A spokeswoman for Direct Line said:

Like many companies we are having to prepare for changes in the way we operate reflecting changing customer behaviour where people are increasingly opting to interact with us digitally. We are therefore proposing a number of changes across the business which sadly mean the loss of jobs for some of our people.

These decisions are always really difficult, we take the wellbeing of our people very seriously and have given people as much time as possible to prepare.

Supermarket, Tesco has said that 1,816 bakery staff are at risk of redundancy as it is starting to make changes to its bakery business from May onwards. It plans to convert its 58 bakeries so they will only finish pre-baked products on-site.

Jason Tarry, CEO of Tesco said:

We need to adapt to changing customer demand and tastes for bakery products so that we continue to offer customers a market-leading bakery range in store. We know this will be very difficult for colleagues who are impacted, and our priority is to support them through this process. We hope that many will choose to stay with us in alternative roles.

In August 2019, Tesco announced it will be cutting 4,500 jobs at its 153 Tesco Metro stores.