Lloyds Banking Group to cut 1,600 jobs as it shifts towards online banking

Lloyds Banking Group is to cut about 1,600 jobs across its branch network as it continues to shift its business towards online banking.

Some 830 new roles will also be part of the strategy, resulting in a net reduction of 769 jobs.

"We're introducing a number of new roles and making changes to our branch teams so our customers can see us how and when they want to," a spokesperson said.

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