Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Lloyds Banking Group to cut 990 jobs

Posted: February 10th, 2012 | Author: | Filed under: By Location, UK | Tags: , , | No Comments »

Lloyds Banking Group announced 990 job cuts, which, part of last year’s broader plans to slash 15,000 jobs across the company.

Around 990 positions would go as the result of site closures in Lloyds TSB Scunthorpe, Lloyds TSB Dudley and its wholly-owned HBOS susidiary units at Romford and Newcastle.

Read more about Lloyds Banking Group to cut 990 jobs (112 words, estimated 27 secs reading time)