Public CompanyLloyds Banking Group to cut nearly 400 more jobs
British state-controlled bank Lloyds Banking Group (LBG) said today it will axe nearly 400 jobs at a call centre in the south of England.
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"Lloyds Banking Group has today announced that its contact centre in Brighton will close in May 2010 as part of the group"s integration process," LBG said in a statement, adding it will transfer work to other British sites.
"This change will affect around 535 roles; of these 162 roles are being redeployed. Therefore, there will be a net reduction of approximately 373 jobs," it added.
Britain"s government owns 43 per cent of Lloyds after bailing out the company in the wake of the global financial crisis.
LBG, created in January when Lloyds TSB bought rival lender HBOS in a state-brokered deal, has now axed more than 15,000 jobs since the start of 2009, according to trade union Unite.
Unite added on Monday that 410 jobs were being cut in Brighton, according to its calculations.