Lloyds Bank to cut 865 jobs in restructuring plans made pre Covid



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Lloyds Bank plans to shed hundreds of jobs as it works to simplify the business after putting plans on hold for several months due to Covid-19.

The bank said it will slash 865 jobs mainly in its insurance, wealth and retail teams.

The cuts will lead to a net reduction of 639 in Lloyds’ headcount as the bank has also created 226 jobs.



a woman walking down a sidewalk in front of a store: More unemployment misery for hundreds as Lloyds Bank announces plans to cut 865 jobs. The job loss plans were put on hold in February before the pandemic hit


© Provided by Daily Mail
More unemployment misery for hundreds as Lloyds Bank announces plans to cut 865 jobs. The job loss plans were put on hold in February before the pandemic hit

Earlier on Wednesday, Lloyds indicated the job losses included 780 cuts that were announced in February but put on hold because of the pandemic.

It has now clarified the new reductions are on top of the 780 already planned.

Unite union national officer Rob MacGregor said he

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