LONDON, Jan 28 (Reuters) - State-backed Lloyds Banking Group said on Tuesday it was shedding 1,080 jobs as part ofits 2011 plan to deliver 1.5 billion pounds ($2.3 billion) ofannual savings by this year.
Lloyds, 33 percent owned by the British taxpayer, said thejobs were going in its retail, risk, operations and commercialbanking divisions. It said in 2011 the cost-saving plan wouldresult in 15,000 positions being axed.
The bank, which currently employs around 104,000 people,said a further 310 roles would move to a new company.
Unite, one of the unions which represents workers at Lloyds,said that the bank had shed nearly 35,000 jobs since its 2008bailout.
The British government sold an initial 6 percent stake inLloyds in September and the group is expected to return toprivate ownership within 18 months.
Lloyds (LLOY)
