Lloyds Banking Group is cutting 625 jobs and closing 21 branches. The bank had announced a plan to cut costs and this part of this plan. The job losses – which include moving some roles to India – mean 6,325 out of 9,000 post closures announced in 2014 have now been confirmed. Lloyds said it would be creating 195 new roles so the net job cuts would be 430. The branch closures are part of a plan to reduce the network by 200 as the bank increasingly offers digital services to customers. The bank said it is committed to working through these changes with employees in a careful and sensitive way. All affected employees have been briefed by their line manager and the unions were consulted prior to this announcement and will continue to be consulted, the bank said.
