The cuts are expected to occur across the Lloyds brands, including Halifax and Bank of Scotland, but Lloyds also announced 170 new jobs in legal, retail and commercial banking.
In November 2014, Lloyds announced a total of 9,000 job losses and 200 branch closures would take place over three years as customers' habits continued to shift towards online banking services.
The cuts will equate to roughly a tenth of its entire workforce. Lloyds had previously shed 45,000 jobs since its bailout at the height of the banking crisis.
In a statement, Lloyds said:
“Lloyds Banking Group is committed to working through these changes with employees in a careful and sensitive way. All affected employees have been briefed by their line manager today. Accord and Unite were consulted prior to this announcement and will continue to be consulted.
“The Group’s policy is always to use natural turnover and to redeploy people wherever possible to retain their expertise and knowledge within the Group. Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary redundancy. Compulsory redundancies will always be a last resort.”
