2,000 job cuts planned at Northern Rock

Nationalised British mortgage lender Northern Rock today began consultations with unions and staff regarding plans to axe 2,000 jobs.

2,000 job cuts planned at Northern Rock
Thu, 01 May, 2008 - 16:46

Nationalised British mortgage lender Northern Rock today began consultations with unions and staff regarding plans to axe 2,000 jobs.

The job losses - around a third of its 6,000 staff - are due mainly this year and form part of plans to shrink the Newcastle-based bank under public ownership.

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