Latest editorial
Co-op Bank to axe 400 jobs
Co-op Bank to axe 400 jobs
Union says it ‘will do everything in its power to avoid compulsory job losses’
CO-OPERATIVE BANK bosses announced today that they plan to axe 400 jobs, affecting more than one in 10 staff.
The bank is embarking on “a consultation and restructuring” leading to a net reduction of 12 per cent of staff in a bid to cut costs.
The bank said in a statement: “The decision has not been made lightly, and the bank will continue to work closely with our trade union and to support impacted colleagues.”
More from this author
Starmer under pressure over cruel plan to slash welfare budget
Similar stories
Labour’s ex-banker Chancellor plans deregulation while City profits soar and customers suffer — between money laundering scandals and the exploitation of Covid loans, it’s clearly time to end this madness, says BERNIE EVANS
