Anger as Lloyds and RBS announce 1,900 job losses

Part state-owned British banks Lloyds and Royal Bank of Scotland announced 1,900 job cuts yesterday, drawing the anger of the Unite trade union, which said it had written to the government urging it to intervene.

Lloyds said it was cutting 1,600 positions as part of a broader plan announced last year to cut 15,000 jobs and halve the group’s international presence.

RBS said it was cutting a net 300 jobs approximately, with the reduction of 464 positions offset by 150 new jobs elsewhere.