Lloyds cuts 1,070 jobs
Published Wed, Nov 4, 2020 · 12:41 PM
[LONDON] Britain's biggest domestic bank Lloyds Banking Group is cutting more than 1,000 jobs, union Unite said in a statement.
The union said the lender was also creating 329 roles.
Lloyds could not immediately be reached for comment.
"Unite cannot comprehend why LBG would choose to cut 1,000 staff who have given the bank such commitment and dedication during a global pandemic," said Rob MacGregor, Unite national officer.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover