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Lloyds TSB to shed 500 branch staff - Reuters

30 August 2001  |  3256 views  |  0 Lloyds TSB to shed 500 branch staff - Reuters

Reuters is reporting plans by Lloyds TSB to cut 500 jobs from its branch network.

The news agency quotes spokeswoman Mary Walsh, who said the jobs were going after the completion of the long process of merging the Lloyds and TSB banks.

"We've completed the integration of the two banks... we've introduced the different processes and we've been able to review our staff requirements going forward and by the end of the year we will need 500 (fewer) people," she told Reuters.

The company employs 30,000 people in its branch network and Walsh said no branches would close as a result of the redundancies.

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