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Lloyds Banking Group to pledge to employ more women

By The Citizen  |  Posted: February 03, 2014

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Lloyds Banking Group, one of Gloucester’s biggest employers, has said it aims to ensure 40 per cent of the businesses 5,000 senior staff are female within the next six years.

If it manages to achieve its target the business, which employs an estimated 1,000 staff at Barnwood in Gloucester, will have increased the number of women on its books by 28 per cent.

Just days after it made national news again as it rolled-out the next swath of job cuts as it attempts to reach the15,000 role reductions announced in its 2011 strategic review, the bank revealed its plans to work towards balancing the male/female staff ratio.

One-third state-owned Lloyds said it plans a fundamental review of its recruitment policies in order to achieve the change and ensure it was long-lasting.

It has also pledged to increase its net lending to small firms. Antonio Horta-Osorio, the bank’s chief executive, is expected to unveil the details in a speech tomorrow (February 4) as the business attempts to repair some of the damage done to the sector’s reputation following the banking crisis.

In December last year the group was fined £28m after it was revealed it put staff under pressure to sell products customers did not need or want. Pressure has been mounting for some time from the Government for a quarter of all directorships in FTSE 100 companies to be held by women.

It set a target for achieving the goal of 2015 and threatened legal action if firms fail to show willing. In Gloucester the bank employs hundreds of staff following its takeover of (C&G) Cheltenham and Gloucester, which was headquartered at Barnwood in the city.

The site is now home to Lloyds TSB’s largest contact centre site, employing an estimated 1,000 employees.

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