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Unite’s Rob MacGregor said: "This Lloyds Banking Group (LBG) announcement of 5,000 job losses demonstrates the depth of corporate arrogance within this taxpayer supported bank. This country’s financial sector should be looking towards the future, rather then continuing to slash jobs without proper consideration of how to re-build the public’s confidence in our tarnished banking sector.”



Oliver Roethig expressed the support of UNI Finance, the global union for the finance sector: “To overcome the crisis, job cuts are the wrong way. Quite the contrary, we need better customer service. We need bank employees who have working conditions that allow them to provide high-quality advice. We don’t want and we don’t need banks that are mere profit-making machines that disregards customers’ interestes.”



Unite is calling for the immediate suspension of all job losses in order for the company to introduce an agreement with the union of no compulsory redundancies in any section of LBG.



“The British government can not afford to continue to look the other way as hard-working families are punished in this manner,” said Rob MacGregor.



The 5,000 job losses in Lloyds Banking Group come just days after 5,400 job cuts in Royal Bank of Scotland and HSBC.