finance

Lloyds bank to cut 850 jobs

Thu, 09/05/2013 - 19:35 -- nick

Lloyds Banking Group is to cut another 850 jobs on top of 2,750 already announced for this year.

600 of the jobs will go through the closure of an office in Southend, an area that already suffers above-average unemployment.

The bank said it would try to achieve its aim through voluntary redundancies, and make compulsory cuts only "as a last resort", citing the fact that only a third of its 2012 redundancies were compulsory.

Translate

Subscribe to finance