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UK union 'furious' over NAB redundancies

UK union 'furious' over NAB redundancies

A British union is "furious" about job losses at National Australia Bank's British banks, saying those affected will find it tough to get other work

A union has attacked news of 130 job losses at National Australia Bank's Clydesdale and Yorkshire banks in Britain, saying those affected will find it tough to get other employment.

Unite says it is "furious" at the announcement by the National Australia Bank, which will affect workers in its wealth business in areas including Glasgow and Leeds.

The union says employees face compulsory redundancy and the prospect of finding work in tough local job markets.

Unite national officer Dominic Hook said NAB "raised the hopes of staff then announced today they no longer have a job. The company invested money to train the staff to meet new regulatory requirements giving them hope for the future.

"Now they have been told that the company has changed its mind and decided to close the business down. This is a cruel decision for workers with years of loyal service.

"We are demanding that the company does everything possible to help find the staff alternative employment within the company or elsewhere in the financial services sector."

The company said: "We can confirm that the financial advice service within our business and private bank will close. This decision has been taken after careful consideration and is part of our commitment to focus our support for customers across our core retail and business banking strengths."

It added: "We are providing support for the 130 employees impacted by this change. While there may be some opportunities for redeployment, the overall role reduction of 1,400 announced in April of last year remains unchanged.

"We are sorry that some information was inadvertently made available yesterday to some staff in relation to this announcement and have apologised to them."

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