Lloyds Banking Group is to cut 5,000 more jobs by the end of next year as it continues to reduce overlap following its merger with HBOS last year.Some of these cuts are temporary staff, but Lloyds said 2,600 permanent jobs would be lost in the UK. Most of the cuts will come in its operations unit, which includes IT, collections and payment services. The union Unite accused the bank of "corporate arrogance" and short-termism following the announcement. Lloyds has now announced more than 10,000 job cuts so far this year.
Lloyds Banking Group is to cut 5,000 more jobs by the end of next year as it continues to reduce overlap following its merger with HBOS last year.
Some of these cuts are temporary staff, but Lloyds said 2,600 permanent jobs would be lost in the UK.
Most of the cuts will come in its operations unit, which includes IT, collections and payment services.
The union Unite accused the bank of "corporate arrogance" and short-termism following the announcement.
Lloyds has now announced more than 10,000 job cuts so far this year.
I imagined for a moment I was living in a country where the govt ran the place for the benefit of the citizens.
EXACTLY what hallucinogen are you mixing with your beer? It seems to be working. In the end, might makes right. Nothing has changed since the caveman.
