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Chelverton UK Dividend Trust plc: Full year -15-

Chelverton UK Dividend Trust plc: Full year -15-
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120 jobs to go at Lloyds

120 jobs to go at Lloyds
Bank points to increase in online and mobile use
Lloyds Bank International has announced a near third of its Isle of Man workforce are to lose their jobs.
The company confirmed 120 staff in its PhoneBank and Payments Centre have been made redundant.
It follows a shift to online or mobile banking, with a Lloyds spokesman saying the decision meets the changing needs of our customers .
Fifteen new roles are being created at the bank, although it s not yet known where those roles will be based.
Treasury Minister Alfred Cannan said it was sad news , before adding it perhaps reflects the challenges that the banking sector has been experiencing globally . ....

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Lloyds future 'strong and stable' despite job losses

Lloyds future strong and stable despite job losses
Wed, 03 Feb 2021
Treasury Minister Alfred Cannan has remained buoyant about the banking industry after around 120 job losses were announced.
Lloyds Banking Group confirmed a third of its Isle of Man workforce were being made redundant following a shift in customer trends.
Mr Cannan says the Island needs to adapt to the times and invest in digitalisation.
He said: “Lloyds have been good enough to engage with us over a number of weeks to tell us that they were intending on restructuring, so we were aware of the situation.
“Obviously in these circumstances my heart goes out to those who are affected.” ....

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Business News - December 2020 - Jersey, Guernsey, Offshore Isles

Business News - December 2020 - Jersey, Guernsey, Offshore Isles
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