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Lloyds to cut 325 jobs

Posted: April 15th, 2011 | Author: | Filed under: By Location, UK | Tags: , | No Comments »

LLOYDS Banking Group has announced plans to cut another 325 jobs across its UK business support divisions with up to 40 earmarked to go in Scotland.

Union leaders said they were appalled at the latest cuts, which takes the total number of job slashed since the formation of Lloyds in 2009 to a “staggering” 22,000.

Lloyds said the latest cuts were part of an “ongoing integration programme” from its 2008 takeover of Halifax Bank of Scotland.

A spokesperson for Lloyds said the number of roles affected in Scotland was unlikely to be “above 40″.

The bank said in a statement compulsory redundancies “will always be a last resort”.

From: Buisness7.co.uk

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