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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff and Mark Sweney

Nationwide to cut 600 jobs in first redundancies after takeover of Virgin Money

People walk past a Nationwide branch in Swansea city centre
Virgin Money became part of Nationwide this spring in a £2.9bn deal. Photograph: Michael Kemp/Alamy

Nationwide building society is axing 600 jobs in the first major round of cuts linked to its controversial takeover of the high street bank Virgin Money.

The move affects Nationwide and Virgin Money staff, whose roles are due to be duplicated once the lenders’ operations are fully merged.

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