Lloyds cuts 'further' 550 jobs

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Lloyds Banking Group has been criticised after announcing 550 job cuts which trade union Unite said would come on top of the 1,340 lay-offs revealed earlier this year.

The bank said the 550 roles - in its risk, insurance, commercial banking, retail and wealth, asset finance and international divisions - were part of previously announced reductions. But Unite said the cuts were additional and urged the bank to "put an end to mass redundancies". It said that, while the bank continued to cut employed roles, the group was still taking on agency workers. "Lloyds cannot continue to cut now then ask questions later," Unite said in a statement. "It's madness that the bank has so many agency workers when it's cutting so many permanent jobs. "Lloyds is ...

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