Lloyds announces 1,000 job cuts

Lloyds Banking Group has announced plans to slash almost 1,000 jobs in the UK, as well as closing some of its offices, according to the bank's employee union Accord.

Lloyds Banking Group has announced plans to slash almost 1,000 jobs in the UK, as well as closing some of its offices, according to the bank's employee union Accord.

The banking giant, which is undergoing an extended period of cost reduction and streamlining of its businesses, said it plans to make the 990 cuts through a combination of voluntary redundancy and natural turnover.

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