Alliance & Leicester: Alliance & Leicester have announced that they will trim between 200 and 300 jobs in the coming months. These jobs will primarily affect the mortgage division. However, they are insisting that none of the staff on the intermediary side will be allowed to apply for voluntary redundancy as its operation is key to its strategy going forward.
Alliance & Leicester: Presently, there are over 8,000 employees within the organisation. Raj Uppal, Director of Mortgage Sales and Operations at Alliance & Leicester said, “Alliance & Leicester is committed to the mortgage market and to working with intermediaries. However, with the housing market expected to slow, we are anticipating fewer new mortgages than in recent years. We are offering a limited scheme to people who work in some areas of our mortgage division and to some other back office areas of the bank. Staff at our Belfast operation who services our intermediary mortgage markets will not be eligible to apply. In no way will the service we offer be compromised and our commitment is to provide an efficient service to intermediaries and this focus has not changed.“
Alliance & Leicester insisted that many of the roles which would be cut are in areas where technology is already covering and improving its processing.
Editor: Simon Weston myfirsthomeltd.co.uk
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