Skip to main contentAccess keys help

[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 8 March, 2004, 13:21 GMT
Protest at call centre jobs plan
Bank workers have mounted a demonstration outside the Lloyds TSB bank in Newcastle, on the day it revealed a rise in profits.

The protesters are angry at proposals by the bank to move call centre jobs from the north-east of England to India.

The bank says 750 jobs will be lost when it closes the call centre in Newcastle.

On Monday Lloyds TSB announced a 66% rise in pre-tax profits to �4.35bn.

The demonstration was the latest move in a campaign by the Lloyds TSB group union (LTU) to persuade the company to halt plans to move jobs abroad.

Alternative employment

The bank says it hopes most of the 750 people to go from Newcastle, will do so as a result of natural wastage and redeployment.

On Monday the bank unveiled a 66% rise in full-year profits to �4.35bn, although the figure was lifted by sales of overseas assets.

But union officials say the company's huge profits mean it cannot justify its claim that exporting jobs abroad is necessary for it to remain competitive.

A union spokesman said: "It is obscene to think people are losing their jobs when the bank is making this kind of money."

The company has promised to offer everyone in Newcastle alternative employment when the call centre closes.

Newcastle Central Labour MP Jim Cousins gave his support to protestors and said he would move his 40-year-old account from the bank if jobs were exported.





LINKS TO MORE TYNE/WEAR STORIES


 

SEE ALSO:
Lloyds TSB upbeat on profit hopes
15 Dec 03  |  Business
Strike vote over call centre closure
11 Dec 03  |  Tyne/Wear
Lloyds rate move in spotlight
24 Nov 03  |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites

TOP TYNE/WEAR STORIES NOW
TOP UK STORIES NOW

PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
AmericasAfricaEuropeMiddle EastSouth AsiaAsia Pacific