HBOS bank to axe 650 jobs
Up to 650 jobs are being cut at Halifax Bank of Scotland as part of plans to merge two of its business banking divisions, it was announced today.
Britain’s fifth largest bank said the roles would go across its UK offices over the next 18 months.
It is merging its 1,000-strong Business Banking arm, which sits in the group’s retail division, with the group’s Commercial Business in the corporate division to create one single unit focused on small and medium-sized businesses.
HBOS said that alongside the 650 expected job losses, another 350 staff within the enlarged division would be transferred to alternative roles in the group.
