- 3 updates
In a statement Lloyds Banking Group said outlined the areas of the business that would be affected. It said there would be reductions within:
"The group operations, insurance, retail, wealth and international and commercial divisions. These form part of the reductions previously announced in the group's strategic review.
"Lloyds Banking Group is committed to working through these changes with employees in a careful and sensitive way. All affected employees have been briefed by their line manager today."
The union Accord says almost 200 Lloyds posts are being moved offshore to India. The Unite union added that since 2009 Lloyds has slashed a quarter of the workforce:
The union Unite says Lloyds Bank will axe more than 940 jobs, taking job loss announcements at the firm to 1,300 in the past few days.