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
122 jobs Number of planned job losses
Announcement Date
18 June 2009
Employment effect (start)
1 October 2009
Foreseen end date
Description
Yorkshire Bank is to cut 122 jobs across its branches in Yorkshire and the Midlands. The cuts were blamed on the increasing number of customers using online banking. The company said that they would assist staff to find alternative employment wherever possible, while the trade union Unite stated that they would talk to management in order to keep compulsory redundancies to a minimum. The job losses will start taking effect in October 2009.
Sources
18 June 2009: BBC News
Citation
Eurofound (2009), Yorkshire Bank, Internal restructuring in United Kingdom, factsheet number 69115, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69115.
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