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Banking jobs axed as Lloyds closes its C&G branches

PUBLISHED: 10:19 11 June 2009 | UPDATED: 09:40 12 August 2010

MORE than 1,650 jobs are to be cut after Lloyds Banking Group confirmed it is to close all branches of Cheltenham & Gloucester. High Streets, including Bromley and Sidcup, will see C&G disappear with mortgages and loans once managed by the branches trans

MORE than 1,650 jobs are to be cut after Lloyds Banking Group confirmed it is to close all branches of Cheltenham & Gloucester.

High Streets, including Bromley and Sidcup, will see C&G disappear with mortgages and loans once managed by the branches transferred to Lloyds TSB.

The latest spate of job losses comes less than a year after 3,000 employees were shed when Lloyds merged with Halifax Bank of Scotland (HBOS).

Some 833 full-time workers will go as all 164 C&G branches close.

Meanwhile, Lloyds' Chester office dealing with personal loans will close and transfer to London, shedding 265 full-timers.

A spokesman for Lloyds said that job cuts were "regrettable" adding that the C&G were an important brand to the group and "would continue to be so".

The closure of all 164 C&G branches will see 833 full-time jobs go.

Lloyds is also to close the Chester office of the personal loans business, and moving operations to London, with 265 full-time jobs lost.

The number of Black Horse personal finance centres will reduce and its CarSelect office in Cardiff will move to Birmingham with 140 going by October.

A further 159 are to go among those selling mortgages and home loans from Bank of Scotland and Intelligent Finance will not be available from July 1.

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