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Manager Latest News
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Date: 11th May 2009
The 100-day milestone has been reached and staff will shortly receive an update from the Bank detailing what’s been achieved since Day 1.
Bringing together an organisation with 140,000 staff, 3,000 branches and 30 million customers with the Government and a baying media looking over the Bank’s shoulder all the time has not been easy and with an election looming it’s not going to get any easier.
The integration of the two organisations is going to result in large numbers of staff losing their jobs over the next few years. Within the last few weeks Asset Finance has said that the Group is reducing the size of its motor finance business with the loss of up to 1,000 jobs. A few days ago, Scottish Widows announced that the Clerical Medical brand would be closing to new business; the IFA salesforce is being merged and up to 395 jobs will be lost.
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