Insurance Post

Lloyds cuts 1250 jobs as it changes insurance sales strategy

Taking an axe to budgets

Lloyds Banking Group has announced 1250 job losses alongside a change in the way it sells insurance products in its branches.

The job losses are part of the 9000 redundancies the bank announced last month.

Lloyds said the majority of the 1250 roles at risk are due to reduced customer demand for standalone protection products

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