Lloyds Banking Group to cut over 1,000 jobs 

There are branches of the bank in Hinckley, Loughborough, Coalville and Nuneaton.

Lloyds Banking Group have announced that they are going to cut around 1,600 jobs.

A Lloyds Banking Group spokesperson said: “As more customers choose to manage their day-to-day banking online, it’s important our people are available when it matters most. We’re introducing a number of new roles and making changes to our branch teams so our customers can see us how and when they want to.”

There are branches of the bank in Hinckley, Loughborough, Coalville and Nuneaton.

The bank says that only 8% of customers choose to use a branch exclusively to manage their money.

They will be introducing new roles in the Consumer Relationships business which means there will be an overall net reduction of 769 jobs.

There will be no role reductions for the most junior colleagues and voluntary redundancy will be offered in some situations.