Lloyds Banking Group have said that they expect to make another 2,100 staff redundant as the bank seeks to cut out duplicate roles forced upon them through the takeover of rivals HBOS.
The news of further job losses at Lloyds means that the bank will have shed around 7,000 jobs since the takeover which was engineered by the UK government at the height of the financial crisis last year.
The takeover had created an organisation with 140,000 employees, with many roles duplicated throughout the two banks, ensuring that redundancies would be inevitable at some stage.
Lloyds say that the cuts will be made over the next three years and is hoping to achieve a third of the number through natural attrition and dispensing with some agency staff. The bank will also be creating around 350 places in it’s wholesale division.
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