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NWG NatWest Group plc

7.82
0.08 (1.03%)
Pre Market
Last Updated: 10:24:54
Delayed by 15 minutes
Name Symbol Market Type
NatWest Group plc NYSE:NWG NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.08 1.03% 7.82 100 10:24:54

NatWest to Cut 550 Roles, to Close a London Office -Reuters

12/08/2020 2:52pm

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NatWest (NYSE:NWG)
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--State-backed bank NatWest Group PLC is set to lay off 550 full-time roles and is planning to close an office in London as it pursues cost-cutting measures, according to a report by Reuters.

--Following the bank's expected loan losses due to the pandemic, the job cuts will be done through a round of voluntary redundancy and a spokesperson for the bank said that there will be no compulsory redundancy as a result of the announcement, Reuters reports.

 

Full story: https://reut.rs/3kC9Syv

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

August 12, 2020 09:37 ET (13:37 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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