LONDON Jan 23 Lloyds Banking Group
said on Wednesday it was axing 940 jobs bringing the total
amount cut since its ill-fated takeover of HBOS in 2009 to over
Lloyds said the jobs would be lost in its operations,
insurance, retail, wealth, international and commercial
divisions and were part of the reductions previously announced
in its strategic review.
The part-nationalised bank said in June 2011 that it planned
to save 1.5 billion pounds by letting 15,000 staff go. The cuts
formed part of Chief Executive Antonio Horta-Osorio's plans to
turn it around following a state bailout which left it 41
percent owned by the British taxpayer.