Published Date:
24 April 2009
THE carve-up of HBOS by its new owner, Lloyds Banking Group, has begun. Yesterday Lloyds announced it was effectively closing the HBOS car finance unit, with the loss of nearly 1,000 jobs across the UK. The combined group has a workforce of 140,000 people.
These are the first major job cuts resulting from the much-criticised takeover of HBOS. It is to be hoped it is not significant that the losses come from the HBOS side of the business.
Last year, the government virtually handed HBOS to Lloyds, se...
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Last Updated:
23 April 2009 9:16 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Lloyds TSB
