Metro Bank to slash 1,000 jobs by mid-April
Evening Standard|March 13, 2024
AROUND 1,000 jobs are going at Metro Bank by mid-April as the lender intensifies its efforts to slash costs, having teetered on the brink of collapse last year before being rescued by its investors.
Michael Hunter
Metro Bank to slash 1,000 jobs by mid-April

It also returned to profit, for the first time since 2018, making £30.5 million for 2023.

The company confirmed the £50 million cuts today, which means more than a fifth of its staff are going. It announced new plans for £30 million more cuts before the end of the year.

Daniel Frumkin, chief executive, called it "a very tough decision" but one that was "a key step in helping support our long-term sustainability".

هذه القصة مأخوذة من طبعة March 13, 2024 من Evening Standard.

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 13, 2024 من Evening Standard.

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

المزيد من القصص من EVENING STANDARD مشاهدة الكل
Why are England wasting time waiting for Tuchel?
The London Standard

Why are England wasting time waiting for Tuchel?

Winning the World Cup is the aim, so the new boss should start now

time-read
3 mins  |
November 14, 2024
He's been shot, and punched by Mike Tyson, but British boxing's great survivor is back on top and aiming to rule the world
The London Standard

He's been shot, and punched by Mike Tyson, but British boxing's great survivor is back on top and aiming to rule the world

This is where the magic happens,\" reads a big neon sign scrawled across the entrance to the offices of arguably the most powerful man in British boxing today.

time-read
7 mins  |
November 14, 2024
How Sketch went from 'obscene' to era-defining
The London Standard

How Sketch went from 'obscene' to era-defining

After arocky start, the glamorous and infamous restaurant is now an institution

time-read
4 mins  |
November 14, 2024
Money is worth less than time'
The London Standard

Money is worth less than time'

He's quit Fendi, but what will Kim Jones do next?

time-read
4 mins  |
November 14, 2024
London's Roman Amphitheatre
The London Standard

London's Roman Amphitheatre

Guildhall Yard, EC2V

time-read
3 mins  |
November 14, 2024
Liberals didn't notice they'd lost relevance in the all-consuming digital sphere
The London Standard

Liberals didn't notice they'd lost relevance in the all-consuming digital sphere

There are many reasons why Donald Trump might have won the election last week.

time-read
2 mins  |
November 14, 2024
Do we have to die?
The London Standard

Do we have to die?

One neuroscientist thinks the answer is no

time-read
4 mins  |
November 14, 2024
The London Standard

How to have a magical Christmas in Edinburgh

From cosy cobblestone streets to abundant Yuletide goings-on, few cities rival the Scottish capital in creating Christmas whimsy.

time-read
2 mins  |
November 14, 2024
London's best festive restaurants
The London Standard

London's best festive restaurants

The social season is upon us once more. These are the city’s most coveted Christmas venues, which need to be booked soon so as to not miss out on the tinsel and tipples.

time-read
2 mins  |
November 14, 2024
Rag'n'Bone Man
The London Standard

Rag'n'Bone Man

I struggle with being recognised... I'll never really feel comfortable with it'

time-read
6 mins  |
November 14, 2024