Lloyds cuts more than 1200 jobs across the group but decision not linked to Brexit

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The banking organization said the losses were not linked to the European Union referendum consequence.

A statement said: «This process involves taking difficult settlements, and we are committed to working through these changes in a careful and sensitive way.

«All specious employees have been briefed by their line manager today.

«The bracket’s policy is always to use natural turnover and to redeploy people wherever credible to retain their expertise and knowledge within the group.

«Where it is resulting for employees to leave the com ny, it will look to achieve this by sacrifice voluntary redundancy. Compulsory redundancies will always be a last alternative.»

Rob MacGregor, the national officer of the Unite union, said it was «horrific tidings» for staff, adding: «Job losses within this tax yer-backed institution are utterly unacceptable.

«The constant flow of job cuts across LBG must now be halted and pole be allowed to get on with delivering the high quality and impressive service they are so lofty at providing. TheLloyds management pursuit of this cuts agenda is counter-productive in their aim of a well-fixed business.

«Unite will oppose all job losses and challenge senior managing to ensure all those affected by this latest around of announcements be offered substitute suitable employment.»

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