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Lloyds to cull 650 jobs

Lloyds Banking Group is to cull 650 jobs and will close its Halifax agencies.

The agencies – which are not branches and are based mainly in solicitors and estate agencies – will be closed on a phased basis between October 4 and November 12. The Halifax staff are not employed by Lloyds are not included in the 650 job losses.

Since 2005, the independent agency business has almost halved from 475 to 265 agencies.

Separately, the group has also announced that it will close and insurance site in Nottingham and reduce some roles in various location, including Chester. Some of these roles will be relocated to a number of the group’s other sites including Warrington and Speke.

Halifax Community Bank managing director David Nicholson says: “The number of independent agencies has declined significantly in recent years. Following the completion of a strategic review, we have now taken the difficult decision that the agencies are no longer integral to our business model.

“We have thought very carefully about the potential impact today’s announcement about the phased closure programme may have on our Agency customers. We have deliberately strengthened our relationship with the Post Office to increase the range of transactions Halifax customers can carry out. For the first time, customers will be able to make deposits into their account by visiting the Post Office.

“We have good, longstanding relationships with our independent agency partners. I would like to thank them for the contribution they have made to our business and to serving our customers. We will work closely with them throughout this process.”

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