Lloyds Banking Group has announced 325 back-office job cuts within its Wholesale and Group Operations divisions.
The bank, which is 41 per cent owned by the tax payer, said the reduction in staff is part of its ongoing integration programme with HBOS, which it acquired in late 2008.
According to union figures, this brings the total number of job losses to 22,000 since the acquisition took place.
Lloyds said that compulsory redundancies will always be a last resort, and it will look to achieve the cuts through offering voluntary severance.
Union Unite has said that it is "appalled", and claims that "staff morale is at an all-time low with the constant flow of job cuts".
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