NatWest to Cut 550 Roles, to Close a London Office -Reuters
August 12 2020 - 9:52AM
Dow Jones News
--State-backed bank NatWest Group PLC is set to lay off 550
full-time roles and is planning to close an office in London as it
pursues cost-cutting measures, according to a report by
Reuters.
--Following the bank's expected loan losses due to the pandemic,
the job cuts will be done through a round of voluntary redundancy
and a spokesperson for the bank said that there will be no
compulsory redundancy as a result of the announcement, Reuters
reports.
Full story: https://reut.rs/3kC9Syv
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
August 12, 2020 09:37 ET (13:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
NatWest (NYSE:NWG)
Historical Stock Chart
From Mar 2024 to Apr 2024
NatWest (NYSE:NWG)
Historical Stock Chart
From Apr 2023 to Apr 2024