Lloyds TSB offers redundancy sweetener

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Banking giant Lloyds TSB will give enhanced pensions to workers made redundant following the downsizing of its Cheltenham & Gloucester Building Society arm.

Lloyds TSB is closing 31 of C&G’s 195 branches, resulting in up to 340 job losses. Trade union Unite had opposed the move – citing company profits of almost £2bn for the first six months of the ...

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