UPDATE 1-Lloyds to cut another 5,000 jobs by end 2010

* Lloyds announces further job cuts

* Net reduction to be 2,600 permanent jobs

* Unite union says cuts demonstrate "corporate arrogance"

LONDON, Nov 10 (Reuters) - Bailed-out British lender Lloyds Banking Group (LLOY.L) is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.

Lloyds, 43 percent owned by the government, said on Tuesday it would take mitigating actions, including redeploying staff and releasing contractors and temporary employees, to limit the net reduction in permanent jobs to 2,600.

That would take net cuts to permanent jobs at Lloyds to around 9,000 since it acquired HBOS in January. Analysts have estimated that over 30,000 jobs could go as the two banks integrate.

News of further bank sector redundancies came a week after more than 5,400 jobs were cut at part-nationalised rival Royal Bank of Scotland (RBS.L) and HSBC (HSBA.L).

The Unite union said the cuts were "corporate arrogance".