Lloyds is introducing a new performance management system for staffPhoto: Mike Kemp/Getty Images
Lloyds Banking Group is introducing a new performance system for its employees that could lead to thousands of job cuts, according to reports.
The UK lender is set to roll out a system that will see up to 5% of its employees who do not reach performance expectations put at risk, theFinancial Timesreported citing people familiar with the matter.