Lloyds Banking Group is set to cut 1,000 jobs in the latest step of its digitally-focused restructuring package unveiled last year.
According to Sky News, the bank is expected to announce the details of the job losses today as it attempts to cut costs and continue its shift online. It is reported that some of those affected today will be redeployed elsewhere within the company, reducing the number of complete redundancies. The taxpayer-backed bank has an overall target of 9,000 job cuts, 2,360 of which have already been lost. It also plans to reduce its number of branches by 150 before the end of 2017. 'Unacceptable' Lloyds hit with record £117m FCA fine over PPI It hopes the reorganisation will achieve cost...
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