NatWest set to axe 1,650 more staff

Wednesday 27 October 1999 00:00 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

National Westminster Bank currently fighting off a hostile takeover bid from Bank of Scotland has announced plans to axe 1,650 jobs by the end of next year.

The cuts are in addition to 10,0000 redundancies the company plans to make within its high street banking business later this year.

The majority of losses will come from its head office where 1,000 staff are to lose their jobs. The remaining 650 are to be axed from the company's corporate banking operations.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

NatWest set to axe 1,650 more staff

Join our commenting forum

Thank you for registering