Co-operative Bank will axe 350 jobs in middle management and head office and will close 18 branches as Covid jobs bloodbath continues
The Co-operative Bank has said it plans to cut around 350 jobs as it closes 18 branches and reduces middle management and head office roles.
It is the latest business to fall victim to Britain’s coronavirus jobs bloodbath, which has seen tens of thousands of roles slashed over the last few months.
Co-operative Bank chief executive Andrew Bester said: ‘Our people have shown great dedication and commitment to our customers over the past few months, so we are very sorry to announce this news today.
The Co-operative Bank has said it plans to cut around 350 jobs as it closes 18 branches and reduces middle management and head office roles
‘Unfortunately, we’re not immune to the impact of recent events, with the historically low base rate affecting the income of all banks and a period of prolonged economic uncertainty ahead, which means it’s important we reduce costs and have the right-sized operating model in place for the future.’
The 18 Co-operative bank branches set to close
City of London
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