//
The finance group is axing 530 positions across its UK retail banking division, with 190 full-time job losses at the former Halifax processing centre and further reductions in staff numbers at sites in London, Birmingham and Rosyth.
Responding to the announcement, the Accord union stated that it was "further bad news" for the bank's workers.
"Accord believes that LBG has a responsibility to work with us to do everything we can jointly to avoid compulsory redundancies," Ged Nichols, general secretary of the organisation, added.
The job losses come in the wake of a decision for LBG to merge its corporate and small business lending units, resulting in 625 jobs being cut.
According to the bank, it plans to use redeployment and natural turnover "wherever possible" to facilitate the merger, which followed the announcement in April of 985 positions being axed over the next two years.
