Lloyds Banking Group is reportedly set to announce plans tomorrow to create 8,000 jobs in the UK as part of a £3bn technology and transformation investment programme.
The bank will also announce that it is cutting 6,000 roles, leading to a net jobs creation figure of 2,000.
Sky News reports the reorganisation is part of a three-year strategy announced in February that involves a massive investment in digitising the lender’s infrastructure and its range of services to customers.
The new jobs will be located in areas of digital transformation, including the group’s transformation unit.
The cuts are set to be spread among its corporate, community and retail banking offerings.
Lloyds declined to comment.