Buzz People

Lloyds cuts nearly 4,000 jobs since being privatised

Lloyds Banking Group has announced nearly 4,000 job cuts in the 18 months since the Government sold off its stake in the lender to take it fully private.
The bank’s efficiency and modernisation drive has continued apace since it was taken off the public books in May 2017, with Lloyds saying a business overhaul and reduction of its branch network is essential to ensure it stays relevant amid a digital shift.
It has also meant the announced loss off around 3,899 job on a gross basis, according to numbers compiled by the Press Association.
Register Now