Lloyds TSB takeover of HBOS threatens jobs

Thousands of jobs lie in the balance this weekend following the £12.2 billion takeover of HBOS by Lloyds TSB.

HBOS – the parent company of the Bank of Scotland and Halifax – and Lloyds TSB have a combined workforce of 142,000, but pressure is likely to be put on the new “superbank” to find savings through job cuts.

 

Language does not simply reflect what is going on in organisational life: it also influences what people think and what they do

Linda Holbeche, director of the Holbeche Partnership and visiting professor of HRM/OD at Cass Business School