Lloyds to axe 700 jobs

The termination of the 10-year contract, which will result in the loss of 240 posts, caused Lloyds to review its operations in Aylesbury, Buckinghamshire. Following the review, it decided to move life, insurance and pensions out of the area leading to 570 job losses by the end of 2011. Most of the job losses were included in an announcement earlier this month whcih stated that 5,000 jobs would go in 2010. The Accord and Unite unions were consulted prior to the announcement. Ged Nichols, general secretary of Accord, described the announcement as a body blow for the workforce and for...