Halifax escapes worst of latest Lloyds cuts

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Eight jobs will be lost in Halifax as a result of the latest shake-up announced by Lloyds Banking Group.

It is cutting 1,080 jobs and outsourcing 310 roles as part of its ongoing overhaul of the business.

Jobs are going in retail, risk, operations and commercial banking divisions.

They are part of the project announced in 2011 to cut 15,000 jobs and the latest announcement brings the total to 11,760.

The bank, which is partially owned by the taxpayer, said it would also create 90 new roles within retail, risk and commercial banking as part of the overhaul.

And, it said natural turnover and redeployment would limit the number of staff having to leave the business.