Lloyds Bank To Cut 15,000 Jobs

According to reports, Lloyds Banking Group are set to cut 15,000 jobs in order for the taxpayer owned bank to save £1bn.

The cuts would mean that Lloyds would have cut 28,000 jobs since it’s takeover of HBOS which led the bank to be bailed out and is currently 41% owned by taxpayers.

It is because of the state funded bailout which has meant that Lloyds had to sell off 632 branches because of EU law.

 

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