Lloyds Banking Group cuts a further 1,200 jobs

Lloyds Banking Group cuts a further 1,200 jobs
 

State-backed Lloyds Banking Group (LLOY.L) said on Wednesday it planned to axe another 1,200 jobs as it progresses a restructuring plan aimed at cutting costs and improving returns for shareholders.
Employee union Unite branded the job losses, expected to hit the lender's retail banking as well as other divisions, as "horrific".
Lloyds announced in July it would be cutting a further 3,000 jobs and closing an additional 200 branches amid a more testing economic environment caused by Britain's vote to quit the European Union.
So far this year, Lloyds has already said it would cut... read more

 
12 October 2016 in Business, Views: 35
Source: Reuters
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