Lloyds Banking Group today revealed its long-awaited brand restructure that will mean primarily a scrapping of its 164 Cheltenham & Gloucester branches. The group says the whole restructure will cost 1,660 jobs.
McFall writes: “Those at risk of losing their jobs should be treated with the utmost courtesy. I was therefore extremely disappointed to note that Lloyds Banking Group staff members appear to have found out from the media, rather than their managers, that their particular jobs were at risk.
“This would be undesirable in any firm; it is unacceptable in a firm partially owned by the taxpayer.”
McFall also warned Daniels to make sure all affected staff would find out about any future job cuts from a Lloyds manager, and not the press.