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Lloyds job cuts at odds with growth plans, warn unions

Lloyds Banking Group

Lloyds Banking Group's strategic objective of building long-term stability and growth is being jeopardised by its willingness to sacrifice staff's job security in favour of casual employment contracts, according to trade union Unite.

The union spoke out after Lloyds announced yesterday that it is axing  550 jobs across various divisions including insurance, just two months after it confirmed 1340 job losses. Unite said 4000 agency

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