The Co-operative Banking Group to cut 187 jobs

The Co-operative Banking Group has announced it is cutting 187 jobs.

Up to 130 roles will go from its headquarters in Leek, Staffordshire, where 1,500 staff are based.

A further 53 roles will go in Manchester, the site of parent company The Co-operative Group where 3,500 staff work. Four jobs will be cut at the Skelmersdale site in Lancashire.

A spokeswoman said the firm was working with trade unions. Staff who are affected will be offered redeployment.

'Working hard'

The job cuts have been announced as the company said it was carrying out a review and setting up a new IT structure.

"We will be working hard with impacted colleagues to offer ongoing support which includes redeployment options within the bank and its parent company The Co-operative Group," the spokeswoman added.

In 2009, the Britannia Building Society announced it would merge with Co-operative Financial Services.

More than 11,000 people are employed by the Co-operative Banking Group which has 342 high street branches, the firm said.

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