Lloyds to cut 325 back office jobs

Lloyds to cut 325 back office jobs

BULLETIN: Total job cuts now at 22,000, union claims

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Lloyds Banking Group has announced it is cutting a further 325 back office jobs, taking total job losses in two years to over 22,000 according to union figures.

The company said the move was part of its ongoing integration between Lloyds and HBOS, which is geared towards saving £2 billion.

Lloyds insisted it would aim to avoid compulsory redundancies and added that it was "committed to working through these changes with employees in a careful and sensitive way”.

Trade union Unite said it was “appalled" by the decision to cut the roles. David Fleming, national officer, said that staff morale at Lloyds was at an “all-time low” with the “constant flow of job cuts”.

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