Britain's Lloyds Banking Group cuts 860 jobs
Lloyds had temporarily stopped job losses and restructuring early in the pandemic, with the commitment running until October
A man enters the Lloyd's of London building in the City of London financial district in London, Britain, April 16, 2019. File Photo: Reuters/Hannah McKay
Britain's biggest domestic bank Lloyds is making 860 redundancies to cut costs as Covid-19 hammers lenders' finances.
Lloyds had temporarily stopped job losses and restructuring early in the pandemic, with the commitment running until October.
Union Unite criticised the cuts, which come alongside the creation of 220 new roles.
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A Lloyds spokesman confirmed the job loss numbers and said staff affected would leave after October.
