Finance Breaking news Virgin Money to cut 400 jobs last financial news

Breaking-Finance.Com - Virgin Money is to slash 400 jobs as it presses on with its cost-cutting programme following its takeover by Clydesdale and Yorkshire banking group (CYBG).

Finance Breaking news Virgin Money to cut 400 jobs last financial news

Breaking-Finance.Com - Virgin Money is to slash 400 jobs as it presses on with its cost-cutting programme following its takeover by Clydesdale and Yorkshire banking group (CYBG).

Finance Breaking news Virgin Money to cut 400 jobs last financial news
07 October 2020 - 10:00

Breaking-Finance.Com - Virgin Money is to slash 400 jobs as it presses on with its cost-cutting programme following its takeover by Clydesdale and Yorkshire banking group (CYBG). The cuts are understood to affect 50 jobs jobs at the former Yorkshire Bank HQ in Leeds, 200 at the Clydesdale’s former head office in Glasgow, and 150 at Virgin Money’s office in Gosforth.In total, up to 1500 jobs are at risk as the combined business seeks £120 million of annual pre-tax cost synergies.

.In a statement, the firm explains: “These changes are designed to simplify structures, reduce duplication and clarify accountabilities. As a result of these changes, a number of roles are at risk of redundancy."

Source = Breaking-Finance.Com

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Finance Breaking news Virgin Money to cut 400 jobs last financial news


Finance Breaking news Virgin Money to cut 400 jobs last financial news


Finance Breaking news Virgin Money to cut 400 jobs last financial news


Finance Breaking news Virgin Money to cut 400 jobs last financial news

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