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LONDON, UNITED KINGDOM--(Marketwire -02/07/12)- The four sites being closed all belong to the Bank's Group Operations Division, which carries out back office processing for the Bank, and are:

-- Kingsway, Scunthorpe Mortgage Unit (208.5 FTE) - Mainly compulsory
redundancies
-- Quay House, Dudley (217 FTE) - Relocation of most staff to another site
-- St James' House, Romford (212.3 FTE) - Mainly compulsory redundancies
-- Manors Business Park, Newcastle (135 FTE) - Mainly compulsory
redundancies

The Group Operations Division (which is making 840 FTE staff reductions overall) is also consolidating its activities in fewer sites, reducing these from 27 to 15. It is expected over the coming months to announce yet more redundancies and site closures.

There are also a further 265 FTE job reductions being announced today; most notably a Contact Centre in the West Midlands and 67 FTE roles will be lost in the Insurance Division's Offshore Bonds function on the Isle of Man, which is being closed as the Bank withdraws from this sector.

Jobs Slashed In The UK ... But Retained In India

Despite having so far made the jobs of over 30,000 UK-based staff redundant since Lloyds TSB and HBOS first merged, the Lloyds Banking Group remains wedded to its unethical policy of transferring work to India, where it can recruit workers on inferior contracts and far lower pay than the staff they are replacing in the UK.

It is a simple fact that if the Bank were to abandon its discredited Offshoring Policy it could safeguard many of the existing jobs that are being lost in the UK.

The Bank should accept that it has a responsibility to its existing UK-based workers, the local communities within which it operates and the UK Tax Payer, by returning jobs to the UK.

Union Comments

Steve Tatlow, Assistant General Secretary at LTU, has said:

"This is yet another blow to hardworking, low-paid staff in the UK who have so far suffered over 30,000 job reductions since the creation of the Lloyds Banking Group.".

"We are urging the Bank to recognise that it has a responsibility to its existing UK-based staff, the communities within which it operates and the UK Tax Payer that bailed it out, by returning jobs previously transferred to India back to the UK.".

About Lloyds Trade Union (LTU)

Lloyds Trade Union (LTU) is the largest independent trade union representing staff working in the Lloyds Banking Group, with over 40,000 members. In large parts of the Bank, LTU represents over 90% of all managers and staff.

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Lloyds Banking Group Announces Four Site Closures & Redundancy Of The Jobs Of More Than 1,000 Staff

25-01-2012 14:51 http://www.StockMarketFunding.com Netflix Earnings Preview 2012. Currently NFLX has 18.40% short interest and was sold down to a 52 week low of $67.61 before bouncing back to the current levels. Traders are looking for a big short squeeze back above $100 or a total reversal in the equity to the...

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Netflix Earnings Preview 2012 - Video

03-02-2012 15:20 More Trading Tips for Stock Traders at: http://www.TradingTips.com Other recommended sites for traders at http Facebook has changed the way people use the Internet. Heck, it's changed the way people live their lives! How many marriages has Facebook caused? How many divorces? With all this usage comes big money, and the opportunity for big investor profits. This week, Facebook filed an Initial Public Offering. The actual IPO will take place sometime in May. The financial world has been buzzing about Facebook, especially since its filing came with the release of financial data for the first time ever. But is this all hype? Will you make money by buying Facebook's IPO? This episode of TradingTips.com will give you the lowdown. In this episode, you will learn: - Facebook's 2011 revenue and income numbers. They're big! - How IPOs work and how they're not designed to help "the little guy" get rich. - What some of the pitfalls of investing in Facebook might be -- and how the company itself may find itself in trouble shortly after having its IPO. - How IPO stocks in general fare in their first 24 months after their IPOs. We also found a stock you can buy into now, which might help you capitalize on the Facebook buzz. The stock is already up big, and while it may be overvalued now, chances are it will continue to gain market value right up until shortly before or after Facebook's IPO. This is a "dumb money" play, where you can ride the tide of exuberant traders and sell into strength ...

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Can you make money by buying Facebook's IPO? - Video

RYE, N.Y.--(BUSINESS WIRE)--

RE/MAX LLC, the world’s leading real estate brand, announced an initiative today that the company expects to be a great leap forward in its strategy to support investors in American Housing. RE/MAX has entered into a relationship with OwnAmerica, the leading provider of investment analysis tools, education and technology to the real estate industry. OwnAmerica will train and certify RE/MAX Broker/Owners and sales associates across the globe on using American Housing as a wealth building asset.

Dave Liniger, RE/MAX Chairman and Co-founder commented on the new relationship, “We believe investors represent a crucial untapped reservoir of demand that our housing market needs right now. Investors know the opportunity is here and already are acting on it. RE/MAX intends to remain the organization best equipped to help them."

OwnAmerica CEO Greg Rand is a lifetime veteran of the real estate industry, host of Rand on Real Estate on WABC Radio in NY, regular guest on Where to Invest Now on the FOX Business Network and author of Crash Boom! “We are incredibly pleased to be aligned with RE/MAX. The leadership of the company understands how important investors are to a housing recovery and is doing everything it can to enable more investors to acquire houses for the long term.”

According to the National Association of REALTORS, Investment buyers represented 23% of all home sales in 2011, a number Liniger believes will be topped in 2012. In his forecast for the housing market in 2012, Liniger predicted that a full quarter of home sales this year will be to investors. In addition to this existing investment market, a 2011 survey by Move, Inc. revealed that a whopping 59% of people searching the internet for real estate investment information are new to investing.

“Millions of people across the country and around the globe see the U.S. housing market as the opportunity of a generation. By tapping this resource of housing demand, we can help investors absorb the shadow inventory of distressed property, create more sorely needed rental housing, and stabilize home values.” Rand said, “Falling prices and rising rents have made it possible for investors to generate positive cash flow in cities and towns where that was not possible just a few years ago. Everybody wins.”

In 2009 RE/MAX put a similar emphasis on equipping its international sales force to become experts in handling short sales and foreclosures. “We’ve helped a lot of people solve their own personal housing crisis,” Liniger added. “If RE/MAX can tap into the power of investors, and enable a new generation of investor to enter the market, we can play a role in healing the national housing crisis. That is our ultimate goal.”

For more information about RE/MAX, please visit www.remax.com <http://www.remax.com&gt;. To learn more about becoming a RE/MAX agent, visit http://www.joinremax.com <http://www.joinremax.com&gt;. To learn more about OwnAmerica, please visit www.ownamerica.com.

About the RE/MAX Network:

RE/MAX was founded in 1973 by Dave and Gail Liniger, real estate industry visionaries who still lead the Denver-based global franchisor today. RE/MAX is recognized as one of the leading real estate franchise companies with the most productive sales force in the industry and a global reach of more than 80 countries. With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $100 million for Children’s Miracle Network Hospitals, Susan G. Komen for the Cure® and other charities. Nobody in the world sells more real estate than RE/MAX.

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RE/MAX and OwnAmerica Support Investors to End Housing Crisis

03-02-2012 17:47 This cover and my originals are now available on iTunes! bit.ly Official music video for "Solo" coming in 2 weeks! ft. the lovely Jen! http://www.youtube.com Had a blast working and hanging out with my dongseng! http://www.youtube.com Produced by NineDiamond http://www.youtube.com Get MUSIC NEVER SLEEPS shirts @ http://www.jasondchen.com Girl shirt designed by Zoodorable" http Get my album/wristbands/t-shirts and read my blogs at my official site! http://www.jasondchen.com Twitter Facebook / Google+! (Jason) http://www.twitter.com http://www.facebook.com gplus.to Book me for an event: jasonchenbooking(at)gmail(dot)com LINKS: Stream all my songs for free on spotify! bit.ly If you want shoot videos, produce beats, do photography, or do graphic design for me, please email miniachilles (at) gmail (dot) com I love getting mail! send me some =) PO Box 2113 Arcadia, CA 91077

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Marry You - Bruno Mars (Cover) Jason Chen x Megan Lee - Video