Bank sheds 1500 jobs as services move on-line

Alliance and Leicester is to shed nearly one fifth of its jobs over the next three years by getting customers to use the web for their banking. Most of the staff cuts will be achieved through natural wastage, redeployment and retraining.

The company will axe up to 1,500 jobs out of a total 8,000 in an effort to cut costs by £100 million by the end of 2003. No branch closures are expected.

A spokeswoman said: "We cannot say which geographical area they will be in but it is unlikely to focus on any one particular area."

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Name

This field is for validation purposes and should be left unchanged.

Δ