Lloyds to shed a further 510 jobs

Lloyds to shed a further 510 jobs

Lloyds Banking Group is to shed a further 510 jobs and shutter a customer services centre in Chatham, Kent.

The closure of the Chatham operation will lead to 190 job cuts, the bank says. A further 320 jobs will also be lost as Lloyds shrinks its regulated sales and mortgage network.

The latest cuts come on top of 625 job losses announced by the bank last month.

In total, Lloyds has shed some 3000 jobs since its merger with distressed high street rival HBOS earlier this year.

Late last year, the bank set a target of £1.5 billion in annual savings from consolidation of technology, branch closures and job cuts as part of its mega merger with HBOS.

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