CORRECTED: British bank Lloyds says it is cutting 650 jobs

30th June 2010, Comments 0 comments

Britain's state-controlled Lloyds Banking Group said on Wednesday it was cutting another 650 jobs as the company continues to streamline its operations.

"Significant progress has been made in mitigating the total number of potential job losses through relocation, redeployment and the release of contractors and temporary staff," Lloyds said in a statement.

"As a result ... there will be a total net reduction of 650 permanent full time Lloyds Banking Group jobs."

© 2010 AFP

0 Comments To This Article