In a statement to the stock exchange today (25 September), the lender said the changes would result in the loss of 370 jobs, with a targeted annualised savings of £15m.
The lender said the cuts would include 20 business development managers and the remaining 50 in-branch mortgage advisers.
Kerry Harvey, press officer for Bradford & Bingley, said she could not comment on individual positions or if senior management roles would be affected.
Existing activities at the company's mortgage processing centre in Borehamwood will be transferred to Bradford & Bingley's larger operations centre in Bingley, West Yorkshire.
http://news.google.com/news?hl=en&ncl=http://ukpress.google.com/article/ALeqM5gnt7Au3PWmiL9ZPjZGAlPqnOnHwg
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Thursday, 25 September 2008
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