Lloyds makes the difficult decision to cut 450 jobs

Britain’s biggest high street Bank lloyds announced another round of job cuts, with 450 roles to risk.

A creditor who has already taken the axe to hundreds of positions this year, saying the move will mostly affect back-office staff and will not entail the closure of the branch.

He was accused of “difficult” decisions on the change of customer behavior and promised to compensate part of the losses, creating 255 fresh roles elsewhere.

“The group’s policy is always to use natural turnover and redeployment of people wherever possible”, – said the Agency interlocutor. “Mandatory dismissal will always be the last resort.”

Reductions will affect the number of departments and come just two months after lloyds said it will Slash 1,200 roles, and closed 49 branches.

Chief Executive officer of lloyds Bank, Antonio Horta-Osario has made a string of cuts during his seven years in charge

In both cases, Lloyd’s has promised to create new jobs as part of a £3bn three-year investment program focused on technology. He promised to create 925 sterling role in April, for example.

The cuts, announced today, to take the net loss of jobs on 195.

The press Secretary said that the Bank will focus on the changes “carefully and sensitively”.

The unions accord and unions had been consulted on the dismissal.