Britain's Lloyds Bank extends pause on redundancies until October
Britain's Lloyds Bank extends pause on redundancies until October. LONDON (Reuters) - Lloyds Banking Group <LLOY.L> has said it will keep staff on notice of redundancy employed until at least October, as the UK's coronavirus lockdown begins to ease. Britain's largest domestic lender had originally said a group-wide pause on restructuring layoffs would be reviewed on a monthly basis from end-May but it has since decided to delay job cuts until the fourth quarter to reassure its workforce. "We have made a number of commitments to our colleagues to address their concerns during the current crisis, including continuing to pay them in full regardless of their working circumstances," a spokeswoman for the bank told Reuters.