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Lloyds’ job cuts hit commercial banking

Posted at April 22, 2016 | Categories : News

Lloyds Bank has announced cuts to 625 jobs across several divisions including commercial banking, according to Unite. The trade union also reports that the move includes the offshoring of up to 82 roles in IT across the bank’s departments.

In addition to commercial banking, other impacted divisions include consumer finance, group risk and legal & strategy, impacting the bank’s back office sites in London, Brighton, Gloucester, Leeds, Halifax and Wolverhampton.