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Lloyds axe 510 more jobs

Lloyds Banking Group is set to axe another 510 staff from its retail divisions.

Last week, the bank revealed that more than 600 staff members were to be cut from its wholesale and corporate lending divisions. Unite, the trade union, calculates that this means the newly formed bank has cut nearly 3,000 jobs since its inception in January.

The staff will be cut from its customer services office in Kent, which will be shut down. Some jobs will also be cut as Lloyd’s community banking division is restructured.

Unite national officer Rob MacGregor says: “Unite is extremely disappointed that the Lloyds Banking Group is to cut a further 510 roles. These latest job losses are yet another example of the weekly hammering that the workforce of the bank is having to endure.

“We have already seen over 2,400 job losses announced by the bank since its formation in January. Unite has made it plain that the union will not accept a situation where the Lloyds Banking Group makes weekly announcements of hundreds of job losses. Staff must be told the company’s plans for the future of the organisation and not be left with the uncertainty that they could be the next to lose their jobs.”

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