Britain’s partly-nationalised Lloyds bank said last Thursday that it will axe another 570 jobs in Britain and outsource 450 positions as the lender continues a major restructuring.

“Lloyds Banking Group (LBG) is announcing 570 role reductions within its wholesale, retail, insurance, group operations and human resources divisions as part of the ongoing integration programme,” said a statement.

“Separately, the group has decided to outsource further cheque and credit processing services to its existing third-party provider iPSL.

“This will involve 450 roles transferring to iPSL later this year.”

The bank said there would be no job losses as a result of this transfer.

LBG, which is 41-per cent state-owned after a huge bailout at the height of the global financial crisis, has axed 26,770 jobs since January 2009.

The announcement comes about two weeks after LBG revealed 2010 pre-tax earnings of £2.2 billion (€2.6 billion), which was its first annual profit since the takeover of former rival HBOS in 2008.

Trade union Unite reacted angrily to the latest round of deep job cuts at the state-rescued lender.