Lloyds expected to cut another 9,000 jobs in digital push

Lloyds is expected to cut a tenth of its entire workforce, amounting to around 9,000 jobs, in a digital push over the next three years.

The taxpayer-backed bank intends to close branches and dramatically cut the number of staff as part of a new three-year plan devised by chief executive Antonio Horta-Osorio, according to reports. The lender has already cut tens of thousands of jobs during the finacial crisis and is prepare to annouce further cuts next week as it moves to a greater focus on digital technology. The bank is investing in mobile and digital banking, as well as automating various customer services, which is expected to lead to branch closures as customers chose this easier option. The job cuts, first re...