Anger at threat to jobs at two banks

THE Australian owner of the Clydesdale and Yorkshire banks put its UK operation under review, fuelling uncertainty among its 8,300-strong workforce.

loyds said 990 jobs were being cut and offices closed in Romford, Newcastle upon Tyne and Scunthorpe, as part of its previously announced strategic review, sparking anger from trade unions.

David Fleming, national officer of Unite, said: “Already some 28,000 employees have lost their jobs as a result of the past poor management decisions at the top of this organisation. Now staff across the LBG insurance, human resources, wholesale, retail and group operations will face an uncertain future.”

Clydesdale and Yorkshire owner National Australia Bank (NAB) has given itself until May to complete a strategic review that will steel the business for a slow economic recovery.