Metro Bank wields the axe again to find £30m savings
Daily Express|March 14, 2024
CHALLENGER lender Metro Bank is planning to slash a further £30million by the end of the year, having already cut £50million and 1,000 jobs.
Geoff Ho
Metro Bank wields the axe again to find £30m savings

Chief executive Dan Frumkin said that as part of the £925million refinancing the bank secured last quarter, it cut both costs and jobs in order to make sure it is more sustainable over the long term. The planned redundancies account for 22% of its total headcount.

However, Frumkin said that Metro has found another £30million of cost savings that it intends to make.

Although he did not specifically mention fresh job cuts or branch closures, he did say that it is reviewing its options around its 76 branches, or stores as it calls them.

He said: "We remain disci- boss Dan plined about reducing cost.

هذه القصة مأخوذة من طبعة March 14, 2024 من Daily Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 14, 2024 من Daily Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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