EMCC European Monitoring Centre on Change

Co-operative Banking Group

Company/Organisation:
Co-operative Banking Group

Geographic Location

Country: United Kingdom
Location of affected unit(s): Leek, Manchester and Skelmersdale

Company

Sector: Financial services
Financial and insurance activities
64.1 - Monetary intermediation
Number Employed: 11000

Employment Effects

Announcement Date: 08-03-2012
Planned Job Reductions min: 187
Planned Job Reductions max: 187
Type of Restructuring: Internal restructuring

Additional Information

Co-operative Banking Group, a UK-headquartered banking and insurance company, has announced it is to cut 187 jobs. Around 130 will be lost in Leek (Staffordshire), 53 in Manchester, and 4 in Skelmersdale (Lancashire). A timeline for the restructuring is not yet known.

The company is in talks with the trade unions and has said that it hopes to offer staff redeployment.