Lloyds Banking Group has announced plans to axe about 945 jobs as part of a restructuring plan that aims to slash a total of 9,000 jobs.
The move will affect the bank’s employees working in the bank’s retail, commercial banking and consumer finance divisions, as well as in back office divisions.
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The British banking giant in a statement said: "The group’s policy is always to use natural turnover and to redeploy people wherever possible to retain their expertise and knowledge within the group.
"Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary redundancy. Compulsory redundancies will always be a last resort."
The bank also said that it has consulted its recognised unions before making the move, and will continue to consult them.
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