Home » Industrial relations » National industrial relations » Great Britain: Lloyds Banking Group’s landmark digital social plan Great Britain: Lloyds Banking Group’s landmark digital social plan Is new technology more of a threat to jobs than Brexit? Some in the UK are asking this question after private banking group Lloyds announced on 06 November a major shake-up in jobs as part of a significant technology drive. To great surprise Lloyds Banking Group will look to do away with 6,240 existing jobs whilst also hiring 8,240 into newly created positions so that in total some 2,000 additional positions will be created. In the shake-up some staff will have to undergo appropriate training if they wish to hold onto their jobs and others will also have to accept jobs at different locations. Commentators say that the Lloyds plan is the first major impact of a digital revolution that is in the process of overhauling the employment landscape to a degree unseen since the industrial revolution in the 19th century. Through . Published on 08 November 2018 à 12h38 - Update on 08 November 2018 à 12h38 Resources Lloyds Banking Group is having to deal with an increasing demand for online banking services and in February 2018 it formulated a three-year digital program worth £3 billion (€3.45 billion). In it are a raft of office closures, new jobs creations and new jobs definitions for current roles.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageEmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels