Lloyds Bank Layoffs Job Cut: may fire 625 employees in Britain UK

The news is not good for the employees of the Lloyds Banking Group, which is the famous banking group of Britain. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Lloyds Bank Organization, which may be going for layoffs.
How many employees may be fired in the Lloyds Bank layoffs?
As per the reports, there can be around 625 layoffs by Lloyds Bank. The bank had announced in April about 1290 job cuts and this is a part of that announcement.

What is the total no. of employees of Lloyds Bank?
The total no. of employees of Lloyds Bank is not known as of now.

What will be the cost and savings by Lloyds Bank layoffs?
No info about that.

When will the Lloyds Bank layoffs happen?
No conrete info is available about the dates of layoffs. But there were 985 job losses at its motor finance unit. Then 30 job cuts due to the merger with Scottish Widows and Clerical Medical insurance units.

Which locations and department of employees will be affected by the Lloyds Bank layoffs ?
As reported, the job cuts will be in Britain and in the wholesale division.

What is the primary reasons for Lloyds Bank layoffs?
There is going to be a restructuring of the wholesale division of Lloyds. That is the main reason of layoffs.

Any other news about Lloyds Bank layoffs
As per Reuters, there is some respite for the affected employees. More than 300 new jobs had already been identified within the wholesale division and those facing redundancy would be considered for the new roles
Let's hope that alternative jobs are available to the affected employees of Lloyds Bank Layoffs Job Cut