190 people leave finance business as part of Covid cost-cutting
Cheadle-based finance group Together has confirmed 191 people have left as part of a major restructure of the business.
The mortgage and secured loan provider said it "continued to perform strongly" ahead of lockdown but it then paused accepting new applications, provided forbearance on nearly one-quarter of its loan book and "took prudent steps" to make the business more resilient.
This led to a "thorough review of costs" and a consultation period with employees which resulted in the significant cut in staffing levels.
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