Lloyds to cut a further 850 jobs
10 May 2013
Lloyds Banking Group have announced a further 850 job losses as well as plans to close a large office in Essex.
Over 600 of the cuts will be made when the office in Southend closes, the rest will be in the bank's commercial and insurance operations.
In a statement the bank said: "Lloyds Banking Group is committed to working through these changes with employees in a careful and sensitive way. All affected employees have been briefed by their line manager today. The group's recognised unions were consulted prior to this announcement and will continue to be consulted. In fact, during 2012, around only a third of role reductions led to people leaving the group through redundancy."
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