The Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY) announced today that it would prune 645 jobs and close its telephone banking centre in Cheshire. The bank, however, said 65 new roles will also be created across group operations and retail. U.K. banks slash thousands of jobs As reported earlier, Britain’s top four banks were expected to eliminate 189,000 jobs by the end of 2013 relative to their 2008 peak. Last year, Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY) indicated it had already cut about 31,000 jobs since 2008 and announced it might cut further 2,340 during the year. Lloyds has already cut…
Lloyds Banking Group Axes 645 Additional Jobs
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports