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Lloyds axes a further 5,000 positions

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11-10-2009, 10:53 PM

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Lloyds axes a further 5,000 positions

Lloyds Banking Group, which is 43% owned by the taxpayer, has today announced it will axe 5,000 jobs by the end of 2010, bringing its total number of job losses this year to 12,500. Since its merger with HBOS last autumn, Lloyds has axed thousands of jobs due to overlap within the megabank. However, a spokesperson [...]

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