Lloyds to axe a further 15,000 jobs

Lloyds Banking Group delivered another blow to staff today as it unveiled plans to slash a further 15,000 jobs by 2014 in a bid to save £1.5bn (€1.66bn) a year.

Lloyds to axe a further 15,000 jobs
Thu, 30 Jun, 2011 - 09:24

Lloyds Banking Group delivered another blow to staff today as it unveiled plans to slash a further 15,000 jobs by 2014 in a bid to save £1.5bn (€1.66bn) a year.

The huge round of job cuts was unveiled by new chief executive Antonio Horta-Osorio as part of his strategic review for the UK taxpayer-backed lender.

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