More financial jobs lost

Jul 15 2003 by Brian Amble Print This Article

Insurance giant Norwich Union is cutting nearly 900 jobs across the UK, with around half the losses being compulsory.

Earlier this month, HSBC announced 1,400 job losses. This latest news comes just a week after the CBI warned in a report that the UK financial sector could loose a further 10,000 workers this sumnmer as firms sought to cut costs, a predicition that seems to be depressingly accurate.

BBC Online | Norwich Union cuts 900 jobs