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Lloyds Bank 'to shed 400 posts' Lloyds Bank reveals 585 job cuts
(21 minutes later)
Lloyds Banking Group is to cut 400 jobs as it closes all 58 of its Black Horse personal loan centres, a union says. Lloyds Banking Group has said it is to cut 585 jobs as it closes all 58 of its Black Horse personal loan centres.
The Unite union said that another 185 posts were at risk. Lloyds said it was working through the changes "carefully and sensitively".
Unite said it was "deeply disappointed" by the decision and warned the bank not to repeat their approach of 2009 of mass job cuts. The Unite union said it was "deeply disappointed" by the decision and warned the bank not to repeat their approach of 2009 of mass job cuts.
Lloyds announced thousands of job cuts last year as it tried to reduce costs following its ill-fated merger with HBOS in 2008.
"The strategy last year has had a devastating effect on staff and created job insecurity for most colleagues," Unite said."The strategy last year has had a devastating effect on staff and created job insecurity for most colleagues," Unite said.
Lloyds announced thousands of job cuts last year as it tried to reduce costs following its merger with HBOS in 2008.