A third of jobs to go at Northern Rock

More than 2,000 staff at nationalised mortgage lender Northern Rock face losing their jobs, it was reported today.

A third of jobs to go at Northern Rock
Tue, 18 Mar, 2008 - 07:28

More than 2,000 staff at nationalised mortgage lender Northern Rock face losing their jobs, it was reported today.

The cuts are expected as part of chairman Ron Sandler’s restructuring plans for the Newcastle-based group, taken into public ownership in February after being forced to seek a Bank of England funding bail-out last year.

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