• From The BBC:

    Lloyds Banking Group is to review its decision to close its Cheltenham & Gloucester (C&G) subsidiary.The firm had announced in June that all 164 C&G branches across the UK would close with the loss of 833 jobs, but that decision may now be reversed. A Lloyds spokeswoman said that in the meantime, the branches would not close in November as planned. The Unite union said it welcomed the announcement, but was angry at the “poor management” at Lloyds.
    “Unite is satisfied that the Lloyds Banking Group has finally acknowledged that the decision to close the Cheltenham and Gloucester branch network was ill-considered,” said the union’s national officer Rob MacGregor. However, he added that “today’s announcement comes with no warning and will make the workforce wonder whether their bosses have any long-term strategy for the future of the bank”. Unite said it was now calling for an urgent meeting with Lloyds “in order to get clarification as to the format and timescales of the revi…

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    Posted by Jon @ 2:26 pm

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