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Dawn Primarolo has reacted with dismay at the news that Lloyds will be off-shoring 300 jobs to India at the same time that they have announced redundancies in Bristol.  News broke yesterday that Lloyds and RBS will cut 1700 posts across the country – with at least 200 jobs set to go in Bristol.  The majority shareholder for both banks is the Government.

Dawn has previously raised her concerns about off-shoring of British jobs.  Inhis response, the Business Secretary Vince Cable said that the Government would not discourage out-sourcing, and that out-sourcing could lead businesses ‘to expand other operations creating jobs from these additional activities.’

Commenting, Dawn said:


“The announcement of these job losses will be a source of intense concern for everyone working at Lloyds and RBS and their families.  Sadly, once again, front line staff are being made to pay for the previous failures of their bosses. 


Job losses will be a bitter pill to swallow, but I am aghast at the decision to transfer jobs to India.  With unemployment continuing to rise, the Government should consider stepping in to halt these.  People will find it extraordinary that banks essentially owned by tax-payers are sending jobs to India at the same time that they make British workers redundant.”

Dawn will be writing to the Chief Executive of Lloyds and the Business Secretary to raise her concerns.   


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