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New Lloyds CEO cuts 15,000 jobs in revival plan

By: Yossel in BRKB | Recommend this post (0)
Thu, 30 Jun 11 4:04 PM | 23 view(s)
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Wed, Jun 29 2011

New Lloyds CEO cuts 15,000 jobs in revival plan

LONDON (Reuters) - Lloyds will axe 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 billion pounds ($2.4 billion) a year by 2014 and return the part-nationalized British bank back to health.

Sudip Kar-Gupta and Steve Slater

LONDON
Thu Jun 30, 2011 6:53am EDT

link-
http://www.reuters.com/article/2011/06/30/us-lloyds-idUSTRE75T0YT20110630




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