Union: Lloyds Cut 240 Bank Jobs

Lloyds Banking Group has announced plans to cut 242 jobs in the Channel Islands and the Isle of Man, the Unite union says.

Unite said it believed 182 of the posts were going to be lost from its operations in Jersey, with the rest of the staff affected in the Isle of Man and Guernsey.

Lloyds was not able to comment on the claims.

Rob MacGregor, Unite national officer said: "Despite the difficult economic conditions, these hard working employees battled to give this section of the business a very healthy pre-tax profit in 2008.

"Even after recent the spate of job loss announcements by Lloyds Banking Group, this news still comes as a bitter pill to swallow for our members.

"Unite will continue to negotiate with the bank and push them to recognise the dignity of their Jersey, Isle of Man and Guernsey employees to ensure that the job losses are avoided."

Unite said it was demanding no compulsory redundancies and has called on the bank to do its utmost to protect the jobs.