Lloyds Bank Announces Job Cuts and Office Closures in Cost-Reduction Plan

The banking giant plans to cut hundreds of roles and close offices in Liverpool and Scotland as part of its ongoing restructuring efforts.

Lloyds Bank is set to eliminate hundreds of jobs, with approximately 1,600 roles under review, as part of a major cost-cutting initiative.
The bank will close its Speke office in Liverpool and its Dunfermline office in Scotland, consolidating operations into Chester and Edinburgh, respectively.
Around 80% of affected staff are already working remotely, but some employees will face longer commutes due to the closures.
Unions have criticized the decision, calling it a 'huge mistake' and highlighting the impact on staff and local communities.
Lloyds aims to streamline operations, enhance its property estate, and accelerate its digital transformation strategy by creating new roles and modern office hubs.