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Business · 29 June 2026
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This is the first big round of redundancies since Nationwide bought Virgin Money for £2.9 billion this spring. The cuts affect about 600 back-office staff from both companies whose roles overlap after the merger. Nationwide, which employs around 25,000 people, has promised to keep nearly 700 branches open until 2030.
Reported by Guardian · How we write briefs
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