Lloyds to shed 15,000 more jobs

Name: Lloyds to shed 15,000 more jobs
Uploaded: 2011-06-30T14:53:24.000Z
Description: Lloyds has said it will cut another 15,000 jobs, 14% of its workforce, as part of the bank's strategic review, targeting £1.5bn in annual savings by 2014.

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Lloyds has said it will cut another 15,000 jobs, 14% of its workforce.

The move is part of the banking group's strategic review that targets £1.5bn in annual savings by 2014 and aims to reduce its international presence.

The High Street lender has already cut 27,500 jobs since its merger with HBOS in 2009.

Robert Peston reports.

Business

30 June 2011