On 13 October 2010, Lloyds Banking Group in Aylesbury told its I.T. and Operations Department that up to 40 staff could be made redundant by the end of next year. The Department currently employs 400 people in the constituency.
Constituents who have been following the story will know that last year Lloyds Group announced 900 job losses in Aylesbury. These losses are in addition to last year’s announcement and form part of Lloyds’s nationwide three-year integration programme, which is set to be completed by the end of 2011.
Lloyds has said that specific positions have not yet been identified, and that any redundancies would not take affect until 2011. The Group also said that they would use natural turnover and try to redeploy people where possible to help limit the impact on permanent jobs.
In total 1,600 permanent positions will be affected across the country. The Group will also be releasing 1,150 temporary and contract staff, with an additional 1,750 offshore roles also being impacted.
“The news will come as a devastating blow to those affected. It is crucial that the people who lose their jobs get the support they need to find new employment as soon as possible. I will be writing to Lloyds, AVDC and the local Jobcentre Plus to ensure this is the case.
“In order to create new jobs and attract investment to the local area, we need to make the strongest possible case that Aylesbury, with its affordable rents and close proximity to London, is a good place to do business. Since I found out about last year’s job losses I have put forward this argument in Parliamentary debates and to business executives, and will continue to do so in the future.”