Hundreds face job cuts at Nationwide constructing society

A Nationwide Building Society High Street BranchPA Media

Hundreds of workers at a constructing society are going through job cuts, a spokesman mentioned.

Nationwide Building Society, which has its headquarters in Swindon, employs round 18,000 individuals throughout the nation.

An organization spokesperson mentioned the cuts are a part of a move in “streamlining” some non-member going through roles.

They mentioned they’ve labored laborious to maintain the quantity affected colleagues to a minimal however anticipate “around 450 to leave the society”.

“Our strategy is to give members greater value, better products and a distinctive customer experience,” a press release added.

“To do this our systems and operations must be best in class and we need to be more agile and efficient.”

In March 2021, Nationwide introduced it was closing three places of work in Swindon once they provided versatile working options to workers.

The spokesperson mentioned the 450 losses in non-member going through groups will allow the constructing society to “increase investment in the value and service we provide our members”.

The firm can be offering the “right support” for individuals affected by the cuts, they added.

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