FILE PHOTO: Signage is seen outside a branch of Virgin Money in Manchester, Britain, November 20, 2018. REUTERS/Phil Noble
October 6, 2020
LONDON (Reuters) – British lender Virgin Money has announced it is cutting up to 400 jobs, as many banks continue to press ahead with cutbacks after shelving restructuring plans early in the pandemic.
Virgin Money said the cuts were part of a forecast 16% reduction in headcount planned after its takeover by Clydesdale and Yorkshire Banking Group in 2018.
(Reporting by Iain Withers, editing by Sinead Cruise)
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