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SL staff face an anxious wait

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Published Date: 27 October 2009
STAFF at the Standard Life Bank in Edinburgh were today awaiting news of their future, after parent company Standard Life agreed to sell its banking arm to Barclays.
The £226 million deal will see all 268 Standard Life Bank staff transfer over to Barclays, although it was not clear whether this would lead to any job losses. Mark Lazarowicz, Labour MP for Edinburgh North and Leith, said he planned to meet with senior management at Barclays Bank to discuss the implications of its takeover.

"I want to find out more about what this means for jobs, both for existing employees and for the future," he said.

"Barclays have told me that they didn't anticipate any job losses in the foreseeable future. I would hope that Barclays would see the advantage of actually expanding operations in Edinburgh."

Barclays will acquire £8.8 billion of mortgages and £5.5bn of customer deposits from the Edinburgh firm.







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  • Last Updated: 27 October 2009 10:35 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Standard Life
 
1

Steven P,

edinburgh 27/10/2009 12:31:50
Where was Mr Lazarowicz when my employer was taken over and the workforce dumped?
Of course, there were only 15 of us and we weren't in financial services - so MPS & councillors didnt give a ****.
2

Jaco Pastorius,

27/10/2009 12:42:50
Is "Standard Life Bank" one of these Cockney rhyming-slang thingies?
3

Ecto,

27/10/2009 12:51:19
Why is Lazarowitz interfereing in the operations of a private business. Both businesses will have to consult with the staff asscociation reps if they are planning any job losses or changes to the operation. It really annoys me when these leeches see the opportunity to get their teeth into something for thier own perosnal publicty purposes.;
4

alfonsa pedrosa,

embra 27/10/2009 15:38:48
Standard Life can do what they want,as long as they keep my money safe.

 

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