Lloyds axes 80 Scots jobs

UP to 80 jobs are to be axed in Scotland by banking giant Lloyds, with the bulk of the redundancies in Edinburgh, it was reported today.

By The Newsroom

Published 25th May 2011, 23:40 BST

Updated 26th May 2011, 11:20 BST

A total of 360 jobs will be lost and a further 140 transferred to another company. Between 60 and 80 of the posts will be cut in Scotland.

The losses will affect staff in the group functions, wholesale, retail and insurance divisions.