LLOYDS Banking Group has announced that it plans to axe 450 jobs.
The cuts will affect mainly bank-office roles and there are no new plans to close any more branches.
The lender has put the moves down to organisational changes that will help it “adapt and evolve to support changes in customer behaviour”.
It added that it was also creating 255 new roles as part of its planned changes and, as a result, it would mean net job losses of 195 roles.
Lloyds said it would try to find affected staff a job elsewhere in the company.
In a statement it said: “The group’s policy is always to use natural turnover and to redeploy people wherever possible to retain their expertise and knowledge within the group.
“Since 2011, over 90 per cent of role reductions have been achieved through a combination of natural attrition, redeployment and voluntary redundancy.
“Where it is necessary for employees to leave the company, we will look to achieve this by offering voluntary redundancy. Compulsory redundancies will always be a last resort.
“Today’s announcement involves making difficult decisions and we are committed to working through these changes in a careful and sensitive way.”
The banking group which includes Lloyds, Halifax and Royal Bank of Scotland announced only in April that it will close 100 of its branches.
Lloyds said some 1,230 jobs will be affected by the cuts – but it insisted workers will be supported to find alternative roles with 925 new jobs available within the business.
At the time, the move added to fears that customers who still like to do their banking in-branch are being left behind.
In August, Barclays confirmed it would be closing a total of 63 branches this year.
And according to consumer group, Which?, high street banks axed more than 1,000 branches between January 2015 and January 2017.
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