Another 1,200 to go at Lloyds

Lloyds Banking Group is to cut a further 1,200 jobs in its group operations and insurance business.

This means the part-nationalised bank will have announced over 8,000 redundancies since its ill-fated takeover of HBOS.

Rob MacGregor, the national officer for the Unite union, said: &quotWe appear to have Groundhog Day where thousands of staff each week are told that they are to lose their jobs, yet LBG remains a state-owned bank. Unite views the weekly cull of jobs a disgraceful approach by this taxpayer-supported financial institution.&quot

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