Nationwide may close processing centres

Five processing centres are being considered for closure by Nationwide.

The UK’s largest mutual is to start a 30-day consultation today as part of a year long plan to streamline the business.

Centres at risk include Belfast, Southampton, Swansea, Rayleigh and Sevenoaks.

Nationwide will not comment on job losses that could result from the closures but says that this does not take in to account any changes that will result from the merger with Derbyshire and Cheshire that was announced earlier this week.

A spokeswoman for the lender says: “This is a bout streamlining the business to become efficient and realise potential economies of scale.”