Summary
BRITAIN'S biggest building society, the Nationwide, has announced 900 jobs are being cut this summer as a result of its merger with Portman, almost double the number expected.
The losses were revealed as the society announced net lending to residential customers was up by 77 per cent, and that it predicted house prices will experience a sharp slowdown during the second half of the year, with rises for 2007 expected to be just 8 per cent.See the full content of this document
Extract
Nationwide Job Cuts Rise to 900 On Merger
The chief executive, Graham Beale, said the cuts will happen within two years as the group looks to trim jo...
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