is cutting 500 jobs in its 2000 branches across the UK, following the merger of
Lloyds with TSB this summer.
bank expects to achieve the job cuts through voluntary redundancies among its
30,000 staff by the end of the year.
Thompson, press spokeswoman for Lloyds TSB, said, “We have had recent
discussions with the Lloyds TSB union to inform them of our restructuring
plans. We hope to achieve the job cuts through voluntary redundancies and
TSB confirmed that job losses would come mostly from junior grades, with
compulsory redundancies a last resort.