Lloyds moves qualified IT -laborers from UK to India

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Lloyds Banking Group hires hundreds of IT -engineers in India, planning to reduce hundreds of similar jobs in the UK, resulting in almost half of its engineers who are located in the native market by the end of the year.

The British Bank plans to have 4,000 permanent staff working in technology and data in India by the end of the year, according to the internal presentation considered by Financial Times. This will consist of almost half the global total number of such jobs, according to a person familiar with plans.

They will be in the technology center in Hyderabad, which opened in 2023, in that the bank called “the main moment in our common transformation.” It gains roles in Hyderabad, which include engineers with a full meeting, cloud and quality: highly qualified jobs.

Homeing in India comes as a bank that is sold under the label “helping Britain Prosper”, is in the middle of the overhaul of its IT function.

Last month, about 6,000 employees in the Lloyds IT department in the UK received a warning that their jobs were at risk because the bank conducted an overview of “the skills needed for each critical role in our engineering families.”

The bank plans to create 1200 new highly qualified technological jobs within the review, according to a person acquaintance with plans. However, employees will have to apply for these jobs and introduce the process of selection competitiveness from the end at the end of this month.

Lloids did not say how much roles it expects to cut in the UK, but confirmed that some workers are expected to lose work.

“While many colleagues go to these new roles, we expect some to not provide a role through these changes, given the skills, location and decline in demand for certain roles,” said Bank Chief Operational Director Ron Van Keman, in a letter to employees last month.

Mark Brown, BTU Secretary General, Independent Union in LLAE, said the bank “does the opposite”, helping Britain to prosper and accused him of “exciting hypocrisy”.

Brown called on the bank to train home IT specialists with apprenticeship.

Other UK banks and construction societies have already moved operations to India. According to his annual report, more than 17,000 Natwest staff are in Bengalur and Gururate, while Nationwide also handed over some IT laborers to India.

Lloyds seeks to improve profitability by digitizing its activities; A part of a broader 4 billion -billion -billion -billion -billion investment plan, led by Charlie Nan Executive Committee, involves increasing revenues from areas less related to interest rates and reduce costs.

As part of this disc, the company has already stated that it plans to cut 500 jobs this year, in areas ranging from customer service to stability. A high -street bank also said he would close two offices and close another 136 branches in the UK.

Lloids said: “Amendments means not only the creation of new roles and increased colleagues, but also to say goodbye to the talented people who participated in the success of the group in the past.”