Lloyds Banking Group … In this legislation the maximum amount weekly pay for redundancy payment calculations will increase by … Yes, UK taxpayers will be footing the bill for RBS to pay customers to move to Banco Santander, a bank with a huge, global SME business and recipient of Euromoney’s best bank in the world for SME’s award this year.Its recent acquisition of Banco Popular makes it number one for SMEs in Spain, while its UK business already contributes 20% of group profit, behind only Brazil at 21%. Our. Redundancies reached a record high of 370,000 in the three months to October 2020, official statistics reveals. Britain’s biggest building society has offered redundancy packages for about 200 workers in an attempt to avoid compulsory job cuts.Nationwide, which employs about 17,000 staff, hopes that enough It's hoped some affected employees will opt for voluntary redundancy, and that others will find new roles in the company. The new legislation of The Employment Rights (Increase of Limits) Order 2020 was laid to Parliament on 3rd March 2020 and the changes will come into force on 6th April 2020. Registered in England and Wales. You can unsubscribe at any time. Registered Number 2294747. 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Spanish banking giant Santander has today announced 1900 job losses in the UK across its three main UK businesses which are Abbey, Alliance & Leicester and Bradford & Bingley. BusinessLive is your home for business news from around the North West- and you can stay in touch with all the latest news from Greater Manchester, Liverpool City Region, Cheshire, Lancashire and Cumbria through our email alerts. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. We set out what a new digital, greener and more sustainable economy looks like, with a re-purposed industrial strategy to catapult manufacturing to centre stage in the UK. Calls may be recorded or monitored. More high street retailers have announced plans for redundancies. The Communications Workers Union (CWU) has expressed its concern on the decision. www.santander.co.uk. Friday 17 April 2020 3:12 pm Exclusive: Lloyds staff facing redundancy fear being left jobless by bank amid pandemic. 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And we'll send out breaking news alerts for any stories we think you can't miss. In a bid to digitise back office functions as part of a transformation plan, banking giant Santander has put a total of 334 jobs at risk across the UK. 10.09.2020 The UK retained its position as the ninth leading manufacturer and tenth in terms of global exports with output totalling £191bn in 2019 – a growth of 7% over the last five years. Thousands of UK workers are set to lose their jobs in 2020 as companies are forced to make redundancies as a result of the coronavirus pandemic. “As such, although the number of employees affected by this part of Santander Operations’ ongoing transformation is substantial – with Bootle being disproportionately affected – we are hopeful we will be able to mitigate and avoid compulsory redundancies because there will be employees who want to voluntarily take the redundancy package, but more importantly substantial numbers of alternative roles are already on the table.”. PagoFX, the Banco Santander-backed international money transfer service which launched in the UK in April, has rolled out a new business offering for sole traders and added eight new currencies for UK users to send money in. CWU's national officer Sally Bridge said: “The union’s Santander National Team is obviously concerned by these proposals but our primary focus is on identifying and firming up alternative roles for all impacted members in Bootle who do not wish to take redundancy package. The majority of roles under threat are at the firm's Bootle base on Merseyside. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. The bank is now said to be consulting with unions and talking to staff about possible redundancy. 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