Co-op Bank to cut 200 jobs in Manchester and Stockport

Co-op Bank to cut 200 jobs in Manchester and Stockport
 

Two hundred jobs are set to go at the Co-operative Bank.
Staff have been told the posts will go by March and will mainly affecting management and head office roles in Manchester and Stockport.
Deputy chief executive Liam Coleman said the cost reductions were "critical" as it continues its three-year £1bn plan to rebuild the business.
Profits at the Co-op Group more than halved to £17m in the first six months of the year.
'Difficult journey' Mr Coleman said: "These cost reductions are critical to progressing our turnaround and delivering a cost base which supports a... read more

 
17 November 2016 in Business, Views: 47
Source: BBC
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