Part-nationalised lender Lloyds Banking is axing another 1,200 jobs as it continues to streamline the business following last year's takeover of rival HBOS.The jobs will go in its group operations and insurance business by the end of March 2010. Lloyds said there will be a net reduction in staff of around 650 permanent roles, including 370 contract and agency employees. The cuts will be partly offset by the creation of 180 new positions in group operations. The lender, which is 43%-owned by the taxpayers, has already announced a number of job cuts this year. At the end of last month, it announced that 2,100 jobs will be lost over the next three years, while earlier in the same month it confirmed 1,660 positions are to go with the closure of the branch network of Cheltenham & Gloucester. Only a week before that, is said it will close a customer services facility in Chatham and shed 510 jobs by the end of the year. In May, the lender confirmed 625 British posts would be lost due to the combination of the corporate and small-business lending units, with an additional 211 full-time jobs to go by January 2010 due to the merger of the Lloyds and HBOS telephone and digital banking services. "We appear to have Groundhog Day where thousands of staff each week are told that they are to lose their jobs, yet LBG remains a state-owned bank. Unite views the weekly cull of jobs a disgraceful approach by this taxpayer-supported financial institution," said Rob MacGregor, Unite national officer.