Lloyds Banking Group PLC (LLOY.LN) next week will announce plans to cut about 9,000 jobs over a three-year period as part of a move to automate services, Sky News reported Wednesday, citing people familiar with the matter.

The report said the cuts will be announced when the U.K. lender announces third-quarter results on Tuesday.

In January, Lloyds said it would cut about 1,000 positions.

Full story at: http://news.sky.com/story/1358356/lloyds-to-cut-9000-jobs-in-three-year-plan

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Lloyds Banking (NYSE:LYG)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Lloyds Banking Charts.
Lloyds Banking (NYSE:LYG)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Lloyds Banking Charts.