; Middle Managers Are at Risk

Summary


LLOYDS Banking Group delivered another blow to staff today as it unveiled plans to slash a further 15,000 jobs by 2014 in a bid to save pounds 1.5 billion a year.

The huge round of job cuts was unveiled by new chief executive Antonio Horta-Osorio as part of his strategic review for the taxpayer-backed lender.

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Extract


; Middle Managers Are at Risk

The latest cull will bring total job losses at the 41% state- owned bank to more than...

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