Clydesdale and Yorkshire Bank, Virgin Money has today (Tuesday 24) informed its workforce of around 330 job losses and a number of site closures.

Unite national officer Rob MacGregor said: “Unite is deeply alarmed that as CYBG and Virgin Money approach formal integration the business has decided to cut 330 roles and close a number of sites.

“The integration - which is due to take place in October 2019 - will clearly require some restructuring within the two existing businesses. Nonetheless, the scale of job losses and site closures announced today will come as a shock to colleagues. The personal cost of these plans will be major for staff. Unite is concerned that there are likely be further job losses.

“Unite is now actively supporting members and colleagues through this time of uncertainty and is meeting with the bank to press for mitigation of these job losses. The union will be working hard to press for redeployment of impacted colleagues wherever possible.

“Unite workplace representatives will be supporting members over the coming days and weeks across the sites.”

The three sites announced for closure today are: Edinburgh, Norwich and Leeds.


Notes to editors:

For more information please contact Unite senior communications officer Saba Edwards 07768 693 953.

  • Unite is Britain and Ireland’s largest union with members working across all sectors of the economy. The general secretary is Len McCluskey.