Page last updated at 10:14 GMT, Thursday, 21 May 2009 11:14 UK

Lloyds to cut a further 210 jobs

Lloyds TSB branch
Lloyds sustained heavy losses after acquiring troubled lender HBOS

Lloyds Banking Group has announced it is cutting a further 210 full-time jobs from across the UK by the end of 2010.

The cuts are the result of combining the telephone and digital banking services of Lloyds TSB and HBOS.

The bank announced 625 job losses on Tuesday due to merging its corporate and small business lending units.

The job cuts come days after Lloyds chairman Sir Victor Blank said he would step down following heavy criticism of the bank's takeover of HBOS.

'Urgent matter'

"We are bringing together our support functions to create a more streamlined business to help meet the needs of the our retail division," said Rob Devey at Lloyds.

Unions reacted angrily to the news.

"Another day and another group of finance workers have been devastated by job losses at the Lloyds Banking Group," said Rob MacGregor at Unite.

"Unite is angry that employees continue to live with ambiguity about their futures. The bank must, as a matter of urgency, tell staff of its long-term plans for the workforce," he added.

Lloyds agreed to buy HBOS in September, and later reported that HBOS made almost £11bn in losses from its acquisition.

Last month, it announced 985 job cuts over the next two years at its business offering car finance.



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