Lloyds Banking Group cuts 325 jobs

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Fresh round of redundancies at group part-owned by taxpayer prompts union anger

A fresh round of job cuts was announced at Lloyds Banking Group yesterday, which unions said took the total figure to a "staggering" 22,000 since the banking group was created by the rescue takeover of HBOS during the financial crisis. Lloyds, which is 41% owned by the taxpayer, said the latest changes would affect 325 staff working in its business support functions within its wholesale and group operations in the UK. David Fleming, Unite's national officer, said: "Staff morale is at an all-time low with the constant flow of job cuts and the workforce feel they have no job security."