The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
1,500 jobs Number of planned job creations
Announcement Date
1 March 2006
Employment effect (start)
Foreseen end date
Description
The UK's fourth-largest bank, HBOS, is to open 100 new Halifax branches in the south of England creating 1,500 jobs as it looks to increase its market share. HBOS said it would open the 100 new Halifax branches over the next five years. HBOS plans to open 12 of the branches this year. About half of the 100 branches will be in towns where Halifax has had little or no representation. The High Street lender currently has about 1,000 Halifax branches across the UK, with 300 Bank of Scotland outlets. That gives HBOS almost 10% of the country's bank and building society branches.
Sources
Citation
Eurofound (2006), HBOS, Business expansion in United Kingdom, factsheet number 63160, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63160.
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