British Bank Lloyds Says Axes Another 3,000 Jobs

British bank Lloyds says axes another 3,000 jobs

LONDON,(UrduPoint / Pakistan Point News - 28th july,2016) - British bank Lloyds will axe 3,000 jobs by the end of 2017, it said Thursday, and partly blamed low interest rates before an expected Bank of England reduction next week.

The company said in a results statement that it will extend its restructuring plans with the closure of 200 branches and the loss of about 3,000 jobs by late 2017, adding this was due to "changing customer behaviours and the expected lower-for-longer interest rate environment".