Monday 18 July 2011

Co-operative jobs - Financial Services to cut 670 jobs

Co-operative Financial Services to cut 670 jobs as a part of strategic review. Co-operative Financial Services (CFS) is Manchester based and has announced plans to axe more than 600 jobs.

Mostly field jobs will go after the review of life insurance and savings department. CFS has 8 million customers across the country and they have over 12,000 staff and more than 300 High street branches.

Neville Richardson, CFS chief executive, said:

“We were faced with rising regulatory costs in a

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