//
The financial institution is to combine its corporate and small business lending operations, a move that could leave those employed in these areas searching for ways to earn extra money.
Positions in Scotland, England and Wales will be affected by the move, which has been met with criticism by Unite's Rob MacGregor, who argued that the employment union "will not accept" the continued workforce reductions being made a Lloyds.
The bank announced in April that it is to shed 985 positions over the next two years as it looks to streamline its car finance business.
"Our objective is to create one industry-leading wholesale bank for the group," the firm said in a statement.
It added that it will seek to use redeployment and natural turnover "wherever possible" when making the changes.
Lloyds Banking Group shares fell sharply during trading this morning, declining over 25 per cent to 75p per share at 10:10 BST.
