Union anger as Lloyds set to shed another 80 Scots staff

BANKING giant Lloyds is to axe 360 more jobs and transfer a further 140 to another company, with up to 80 of the posts cut in Scotland.

Lloyds has announced 27,500 job losses since the integration between Lloyds TSB and HBOS started in January 2009.

The 360 job losses will affect staff in the company's group functions, wholesale, retail and insurance divisions as part of its "ongoing integration programme", while 140 workers will transfer to State Street under a new investment accounting outsourcing arrangement.

Between 60 and 80 job cuts could be made in Scotland, with the bulk of the redundancies in Edinburgh.

Although no definite decision has been made on the future of the jobs, the cutbacks could be made by the end of 2011.

The Unite union said the move will hit the 500 affected employees hard and increase the workload on staff who remain.