Arab Today, arab today britain\s lloyds bank to axe 15000 jobs
Last Updated : GMT 12:04:57
Arab Today, arab today
Arab Today, arab today

Britain\'s Lloyds bank to axe 15,000 jobs

Arab Today, arab today

Arab Today, arab today Britain\'s Lloyds bank to axe 15,000 jobs

London - AFP

Britain\'s state-rescued Lloyds bank said Thursday it will axe 15,000 jobs in a cost-cutting plan to streamline the group, halve its international base and deliver £1.5 billion of annual savings by 2014. LBG said in an official statement it will \"simplify the group to improve service and deliver £1.5 billion of annual savings in 2014\" via measures that will include a \"reduction of 15,000 roles\" after a strategic review. The major overhaul, carried out under the leadership of new chief executive Antonio Horta-Osorio, will seek to \"streamline our international presence, from 30 countries to less than half that number, by 2014\", it added. Lloyds, which is 41-percent state-owned after a huge bailout at the height of the global financial crisis, has now slashed more than 40,000 jobs since 2009 as it looks to guide its way back to health. LBG suffered spectacular losses in 2008 and 2009, as bad debts rocketed in the wake of its 2008 takeover of HBOS, which was plagued by toxic or high-risk property investments.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain\s lloyds bank to axe 15000 jobs Arab Today, arab today britain\s lloyds bank to axe 15000 jobs

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain\s lloyds bank to axe 15000 jobs Arab Today, arab today britain\s lloyds bank to axe 15000 jobs

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday