By Marcus Leach
Lloyds Banking Group have announced they will cut a further 325 jobs from their wholesale and group operations divisions as part of the integration with HBOS.
Having merged with HBOS in September 2008 the bank has seen over 27,000 jobs cut.
The majority of the latest job losses will come from the group’s wholesale division, which includes the bank’s corporate markets arm. Affected staff are likely to be those in sales support, business management and back office.
“Lloyds is committed to working through these changes with employees in a careful and sensitive way," a Lloyds statement said.
"All affected employees have been briefed by their line manager today. The group’s recognised unions Accord, LTU and Unite were consulted prior to this announcement and will continue to be consulted throughout the process.
“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 severance. Compulsory redundancies will always be a last resort.”