Eighty five jobs are to go at the part-nationalised banking giant Lloyds Banking Group in Brighton and Hove by the end of 2012.
The job losses are part of a restructuring exercise by the bank, which is 41%-owned by the government.
The equivalent of 20 jobs are to go when the bank closes its IT operation at Quest House in Queen’s Road, Brighton.
Meanwhile 65 full-time jobs will be lost through efficiencies at the group operations division at City Park in Hove.
The bank says it hopes to manage this through natural attrition.
The bank employs about 1,600 people across three main sites - Sussex House and Queen’s Road in Brighton and City Park.
Mark Fisher, director of group operations at Lloyds Banking Group, said: “Today marks another major step in bringing our businesses together.
“The changes we are putting in place will give us a world-class IT operation that will benefit our customers and all our other stakeholders.
“We will work closely with the colleagues affected by today’s announcement to help them through these changes. We have mitigated the impact on permanent staff with a significant release of temporary and contract staff.”
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