personal finance

Metro Bank unleashes swingeing job cuts as it slashes one fifth of its workforce


Metro Bank is cutting a fifth of its workforce and reviewing whether to stay open seven days a week under plans to slash costs.

The troubled high street lender said the moves were part of plans to ramp up cost savings to £50 million a year, up from £30 million previously guided for.

It said it was in talks with the City regulator, the Financial Conduct Authority, about the changes planned to its branch opening days and extended store hours.

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