Lloyds Banking Group Axes 645 Additional Jobs

The Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY) announced today that it would prune 645 jobs and close its telephone banking centre in Cheshire.

The bank, however, said 65 new roles will also be created across group operations and retail.

U.K. banks slash thousands of jobs

As reported earlier, Britain’s top four banks were expected to eliminate 189,000 jobs by the end of 2013 relative to their 2008 peak. Last year, Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY) indicated it had already cut about 31,000 jobs since 2008 and announced it might cut further...