Lloyds Banking Group is expected to cut some 450 jobs as part of a restructuring plan. The bank said it will also be creating 255 new roles as part of the shake-up and focused on a net figure of 195 job losses. The bank had earlier announced plans to close 49 branches, cutting 1230 jobs. The bank said it was all part of a £3 billion investment aimed at new technology and people, equipping teams with the specific skills required to advise and support our customers. As far as possible, the bank said, it will offer voluntary redundancy and compulsory redundancies will always be a last resort.
