Lloyds to Eliminate 305 Jobs Across Its UK Branch Network

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Lloyds Banking Group Plc is to eliminate 305 jobs primarily across its branch network, as Britain’s largest mortgage lender steps up plans to control costs.

Central functions at the London-based bank will also be affected by the cuts, Lloyds said in a statement on Tuesday. The bank is also shutting 49 branches, according to people familiar with the plan, who declined to be identified as the details are private.

The company said in its statement that it would seek to redeploy people wherever possible.


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