Skipton puts 90 staff at risk of redundancy
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Skipton Building Society has announced a restructuring of the business, resulting in the potential loss of 90 jobs.
The changes include the establishment of a new management retail board which will focus on customers, products and service delivery.
The society says the board will also identify opportunities to extend the society’s reputation for long term good value to more members.
Job losses will come from the society’s head office, The Bailey, in Skipton and its satellite centre, Prospect House in Scarborough.
As a result approximately 90 roles at all levels - out of a total workforce within the society of 1,270 - have been put at risk of redundancy today.
Approximately 20 new roles have also been created, including 17 in customer service, focusing on maintaining the current service offered to members.
Other changes include the amalgamation of the society’s two Leeds branches at the Bond Street site, after a business review concluded that only one was needed to serve its customer base in the City.
Several IT support functions of the society and its mortgage administration subsidiary Homeloan Management Limited will also be joined together within Skipton.
This announcement follows the society’s decision, last week, to raise its mortgage SVR from 3.50% to 4.95%.
David Cutter, group chief executive of Skipton, says: “Today’s announcement represents the second stage of a strategic plan designed to garner our business for the future.
“In the post-credit crunch environment, customers will look to organisations that place them at the heart of their business. Mutuals like us are renowned for investing for the long term solely for the benefit of their members.
“Regrettably, though, some tough decisions are required in order to ensure our business is in the best possible shape to face the future and to grasp opportunities - hence today’s announcement of redundancies soon after our planned SVR increase.”
