December has arrived, and Christmas is approaching, the happiest time of the year, except for the employees of a British bank. Metro Bank’s management decided to lay off twenty percent of its employees before Christmas so that it would not have to declare bankruptcy. A British trade union described the bank’s timing as “shameful”.
Metro Bank arrived in Great Britain in 2010 and has made a permanent presence in British lives, as it is open seven days a week. CNN.
Among other things, he also loses this special advantage, having to close at least one day a week to save money. In addition, it is laying off 20% of its employees across the country before Christmas.
Thousands of workers in about 800 jobs will be out of work in Britain before the holiday.
The United Trade Union described the decision to reduce the number of workers so significantly in the run-up to Christmas as “shameful”.
said Daniel Vroomin, the bank’s CEO
We remain committed to our customers, but are forced to move to a more cost-effective model.
The bank is not the only major employer to reduce staff numbers as the holiday season approaches. In November alone, layoffs were announced by Citigroup (C), Charles Schwab (SCHW), Vice Media, auto parts maker Continental, and shipping giant Maersk.
(Cover image: Metro Bank. Photo: Leon Neal/Getty Images Hungary)
