Lloyds Banking Group has said that they are to cut 1,070 jobs as they are planning to simplify structures, which will also recreate 340 new roles.
Lloyds Banking Group has said that they are to cut 1,070 jobs as they are planning to simplify structures, which will also recreate 340 new roles.
The latest shake up will see 730 net jobs lost, which will affect the group transformation and retail banking teams and some back office operations.
A Lloyds spokesperson said, “This morning we shared changes to some of our teams and we can confirm a net reduction of c730 roles.
“These changes reflect our ongoing plans to continue to meet our customers’ changing needs and make parts of our business simpler.
“The majority of colleagues briefed today will not leave until January at the earliest.
“We will help colleagues who are affected find new roles and redeployment opportunities wherever possible and everyone will be given access to a package of training and support designed to help them secure their next position, whether within or outside of our business.
“Change does mean making difficult decisions and our focus remains on supporting our customers, colleagues and communities.”
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