N & P closure: No decision on job lossespublished at 15:59 Greenwich Mean Time 26 January 2017
More on the story we brought you yesterday on the closure of some branches of the Norwich and Peterborough Building Society.
The N&P was taken over by the Yorkshire Building Society (YBS) six years ago, who promised to retain the brand for two years and not close any branches.
YBS said one of the reasons for the move is that banking market has changed with more customers preferring to do their banking online.
Across Norfolk, Suffolk, Cambridgeshire, Northamptonshire and Lincolnshire, 28 branches will disappear, putting jobs at risk. The remaining 17 branches will be rebranded under the YBS name.
Mike Regnier, chief executive of YBS, says they haven't confirmed anything about the number of jobs to be lost.
The society will enter a consultation process with those who could be affected, and it "could take up to 18 months in some cases".
"That gives us as much time as we can to find roles for as many people as possible and we'll redouble efforts to make sure as many of those colleagues as possible can find roles within the business."
The N&P has its headquarters in Peterborough, and Mr Regnier says the site will remain part of the Yorkshire Building Society.
Quote MessageSeveral hundred people work there and will continue to work there. This is mainly about branch closures. My objective is to find roles for as many people as we can."
Mike Regnier, Chief executive, Yorkshire Building Society