Lloyds Axes Further 1,340 Jobs Amid Cost-cutting
Posted: Tue Oct 11, 2016 1:30 pm
Lloyds Banking Group (LLOY.L), which is still 9%-owned by British taxpayers, has accelerated its job-cutting scheme, axing a further 1,340 jobs, even as it reported creating 110 new roles, bringing the net jobs lost to 1,230.
The FM London Summit is almost here. Register today!
The posts that are being axed are part of the 9,000 job cuts that was first announced by the bailed-out bank in October 2014, and would also result in the closure of 200 branches as it progresses an ongoing restructuring program to cut costs and save an extra £400 million ($490 million) ... (read more)