Banking group set to cut 9,000 jobs

A solid and highly-reliable employee management system is certainly a must for every major company that undergoes massive changes in its organizational structure. This will also apply to Lloyds Banking Groups, who has recently revealed plans to close 200 branches, shedding 9,000 jobs in the process of ‘digitising’ its work.

Outlining a new three-year strategy for the bank, chief executive António Horta-Osório said: “This is a highly competitive market and customers behaviour are changing. Increasingly our customers want to access ours services in many different ways, via branches, via digital or via mobile”.

“Regrettably”, he added, this would require 9,000 job cuts from the 85,000-strong workforce as the business was “digitised”. The move is intended to save £1bn by 2017, the period over which the job cuts are expected to take place.

The 200 branch closures – 6% of its network – will largely affect its Lloyds and Bank of Scotland facias and not its Halifax branches.

A solid and reliable time and attendance and workforce management system can prove to be extremely helpful within such turbulent times, providing HR managers with a broad overview or their staff’s overall performance.

Time & Attendance UK is a market leader in the time and attendance, access control and personnel management solutions’ segment. Our position and proven experience in the field enable us to thoroughly customize our systems in order to meet all of your requirements, whether you’re an enterprise customer with multiple sites or a smaller business.

If you want to find out more about the range of affordable, reliable solutions provided by Time & Attendance UK, just contact our dedicated product team, they’ll be more than happy to answer any question you might have.