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Nationwide to cut 600 jobs in first redundancies after takeover of Virgin Money
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The Guardian
Nationwide to cut 275 jobs in latest round since takeover of Virgin Money
Exclusive: Bosses tell staff cuts part of effort to ‘simplify’ operations and ‘remove duplication’ across wider workforce
Nationwide building society is slashing another 275 jobs in the latest round of cuts since bank bosses pushed through a £2.9bn takeover of Virgin Money.
Bosses made the announcement to staff on Wednesday, saying it was part of efforts to simplify the bank’s operations and “remove duplication” afte…
25 Oct, 07:00
Guardian Business
Nationwide to cut 600 jobs in first redundancies after takeover of Virgin Money
Exclusive: Move affects staff of both companies whose roles will be duplicated once operations are merged
Nationwide building society is axing 600 jobs in the first major round of cuts linked to its controversial takeover of the high street bank Virgin Money.
The move affects both Nationwide and Virgin Money staff, whose roles are due to be duplicated once the lenders’ operations are fully merged.
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29 Jun, 15:29
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