BOSSES at Lloyds Banking Group have been urged to call a halt to job losses and help employees build the business back up.
Huddersfield MP Barry Sheerman will make the plea when he meets bank representatives to discuss its plans to axe 5,000 jobs – including more than 500 in West Yorkshire.
The group – which is 43% owned by the taxpayer – plans to shed about 460 jobs in Leeds and 70 in Halifax.
Huddersfield people may be among those affected because the bank draws hundreds of its employees from the town.
Mr Sheerman said he put the latest job cuts at the top of the agenda when he chaired a meeting between Yorkshire business people and Yorkshire Minister Rosie Winterton at Westminster on Tuesday.
Now he will meet bank officials after phoning its director of communications to express his “unhappiness” at the cuts.
Mr Sheerman said: “We have already had big job losses and now we have another 5,000 to go.
“No matter how they dress it up – talking about temporary workers and contractors going first – it is of real concern when West Yorkshire has built up a reputation for expertise in financial services.”
Said Mr Sheerman: “I got a lot of flak for raising this issue with the Prime Minister a few weeks ago, but if people tell me their jobs are threatened it is my job to raise the matter.
“And what I said about the threats to jobs has come true.”
Mr Sheerman said he would ask Lloyds bosses to spell out “what its business is going to be like in two or five years time” and to draw a line under the job cuts.
“We can’t expect people to live hand to mouth not knowing whether their jobs are safe,” he said.
“People employed by the bank locally want to make sure the bank is a success and grows again, but it won’t have the potential to grow if the employer doesn’t communicate with them.”
The latest job cuts mean more than 15,000 jobs have been axed by Lloyds since its merger with Halifax Bank of Scotland last year.
Lloyds said the 5,000 jobs would be hit in its group operations, insurance and retail divisions.
It said the cuts would be “significantly mitigated” by redeployment and by releasing contractors, temporary staff and offshore employees.
A spokesman said: “Taking these mitigating actions into account means there will be a net reduction of about 2,600 permanent jobs across the UK by the end of 2010.”