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Lloyds to cut 450 jobs

Lloyds Banking Group is to axe 450 jobs in a move that will mainly affect back office staff.
The lender chalked the move up to organisational changes that will help it “adapt and evolve to support changes in customer behaviour”.
A spokeswoman said branch closures were not on the cards and the decision was in line with its current strategy.
Lloyds said it was also creating 255 new roles as part of the shake-up, and focused on a net figure of 195 job losses.
Lloyds said it would try to redeploy affected staff where possible.
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