– David Fleming, Unite union
Unite finds it disgusting that the company decided to release a statement from Australia in the middle of the night so UK staff across Yorkshire and Clydesdale banks would wake up to hear that their jobs are being cut through the morning news reports. This is not the behaviour of a responsible or credible organisation
The owners of Clydesdale and Yorkshire Banks say the business will now focus mainly on Scotland and Northern England.
- 29 Financial Solution Centres in southern England will close
- Six back office locations will also be shut down
- Clydesdale and Yorkshire banks racked up a £25 million loss in the first half of the year
- Problems have been fuelled by the commercial property market
– Cameron Clyne, National Australia Bank chief executive
In the last half-year there has been a significant downgrade in the growth prospects of the UK economy, in part reflecting the drag on its recovery from heightened weakness in the eurozone. The action we are taking is needed to adapt to this current economic environment in the UK, and to reposition the UK banking business to improve returns for the group over the medium term. While every effort will be made to support our people, the substantive repositioning of the business will impact roles in the UK.
The Clydesdale and Yorkshire banks are to cut more than 1,400 jobs in the UK, their owner, National Australia Bank, said today.
After a review of its UK unit, which comprises over 335 Clydesdale and Yorkshire branches, NAB said it would complete the job cuts by 2015, close some back offices, and take on most of the unit's commercial real estate exposure of £6.2 billion.