Job losses announced at Britannia

UP to 130 jobs are to go at the headquarters of the Britannia Building Society in Leek.

Altogether 187 jobs cuts are to made by the Co-operative Banking Group, with which Britannia merged in 2009.

Some 1,500 staff are based at Britannia headquarters in Leek, many of them working in back office functions.

A spokeswoman said the bank is working with trade unions. Staff who are affected will be offered redeployment.

“We will be working hard with impacted colleagues to offer ongoing support which includes redeployment options within the bank and its parent company The Co-operative Group,” the spokeswoman added.

The job cuts have been announced as the company said it was carrying out a review and setting up a new IT structure.