Lloyds TSB HR job cuts 'essential' to growth

Phillips, Lucy
February 2008
People Management;2/7/2008, Vol. 14 Issue 3, p10
The article reports on the plan of Lloyds TSB to dismiss a third of its human resources (HR) jobs as part of its aim to become the best financial services company in Great Britain. The jobs will be eliminated through a combination of redeployment, voluntary redundancy and not replacing people who choose to leave. The move is expected to provide possibilities for employees to develop their careers.


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