17th Apr 2018 16:47
LONDON (Alliance News) - Lloyds Banking Group PLC said Tuesday it will close 49 branches and cut 305 branch jobs, in addition to some other central functions, as part of a previously announced restructuring programme.
The bank also said that it will create 925 new jobs as part of a GBP3 billion plan to focus on technology. It also intends to increase employee training hours to 4.4 million hours per year.
"We are also announcing that our mobile branch service will be expanded to support customers in more locations with the introduction of seven new Lloyds Bank mobile branches. This will bring the total number of group mobile branches to 36 which will serve over 180 communities," the company said in a statement.
Shares in Lloyds closed broadly unchanged Tuesday at 67.66 pence.
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