Lloyds axes a further 400 positions

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The Unite union has said Lloyds Banking Group is to axe 400 jobs as it closes its network of Black Horse home loans centres.

Since its merger with HBOS in September 2008, Lloyds has axed tens of thousands of jobs due to overlap within the banking giant.

In a further blow to staff, Unite said that a further 185 positions in the retail and wholesale businesses were at risk.

Rob MacGregor, the union’s national officer, said: “Unite is deeply disappointed that the Lloyds Banking Group has taken the decision to close all of the Black Horse centres with the loss of 400 jobs.

“At a time when many families are struggling to control their finances and businesses need access to credit, Unite is opposed to the shutting down of these valued local centres,a�? added MacGregor.

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