Metro Bank plans to cut about 800 jobs by the end of March, and review its famous seven-days-a-week branch model, after ramping up cost-cutting plans in the wake of last month’s multimillion-pound rescue deal.
The lender said plans to cut a fifth of its 4,000-strong workforce followed “further evaluation of the cost base”, which found it could save up to £50m a year, including by investing in automation and potentially scaling back opening hours for its 76 branches.
