Alliance & Leicester is axing 300 jobs following fall-out from the worldwide credit crunch.
Staff at its Wigan and Leicester mortgage processing departments and its Bootle back-office have been offered voluntary redundancy.
The bank - which employs 8,000 - said staff will have until the end of March to apply, with the jobs being cut from May.
A&L blamed the reduction in loans it expects in 2008.
Last week, the bank revealed a 30 per cent fall in profits and said it will be retreating from the mortgage market and focusing on savings and its growing current account business.
mirror.co.uk
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment