EMCC European Monitoring Centre on Change

Yorkshire Bank

Company/Organisation:
Yorkshire Bank

Geographic Location

Country: United Kingdom

Company

Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding

Employment Effects

Announcement Date: 18-06-2009
Planned Job Reductions min: 122
Planned Job Reductions max: 122
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-10-2009

Additional Information

Yorkshire Bank is to cut 122 jobs across its branches in Yorkshire and the Midlands. The cuts were blamed on the increasing number of customers using online banking. The company said that they would assist staff to find alternative employment wherever possible, while the trade union Unite stated that they would talk to management in order to keep compulsory redundancies to a minimum. The job losses will start taking effect in October 2009.