Lloyds to axe more jobs

13th Jun 2011 14:58

Banking giant Lloyds is to axe another 15,000 jobs on top of the 28,000 that have already been shed.The latest job cuts come as part of a plan to save £1bn in costs. Lloyds is set to announce a strategic review at the end of the month.The Sunday Times reported that the plans were being implemented by its new head Antonio Horta-Osorio and will see jobs axed across its UK and international operations.Shares in Lloyds moved higher following the announcement.---RG

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