Lloyds Banking Group is to warn 3,000 staff that they are at risk of being sacked for underperformance, as part of a management overhaul led by the chief executive, Charlie Nunn.
The bank began telling managers over the summer that they would have to rank staff performance, with about 5% of Lloyds’ 63,000-strong workforce due to be put on performance plans that would put jobs at risk unless workers notably improved.
