Lloyds Banking Group PLC began to reduce its staff massively

Lloyds Banking Group will cut 650 employees in Britain

In brief: Lloyds Banking Group PLC has decided to hold a mass reduction of its staff on the background of the deteriorating financial situation of the bank.

Lloyds Banking Group PLC has become one of the leading blue chips at the UK stock market. Lloyds Banking Group has completed the bidding at 56.96 points, gaining +2.19 points, or 4.00%. British banking group Lloyds Banking Group PLC cuts 650 jobs in the UK.

Also, Lloyds, 41% of the shares owned by the British Government, refused the services of independent agencies Halifaxs, which, as stated in the report of the bank, “no longer fit into the business model.” This will lead to further reductions, which, according to the union, may make 1850 staff. Lloyds Halifax acquired under the program of financial assistance HBOS in 2008.

Ukrainian Globalist
2010-07-06 22:56, Economics.

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