Internal restructuring
United Kingdom
Location of affected unit(s)
Leeds, Glasgow.
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

1,700 jobs
Number of planned job losses
Job loss
Announcement Date
30 March 2005
Employment effect (start)
Foreseen end date
1 October 2006


National Australia Bank is to cut about 1,700 jobs at its two UK operations in a move to save £117m ($220m) a year. The redundancies at the Yorkshire and Clydesdale banks will take place over the next 12 to 18 months. NAB, which employs about 10,300 people in the UK, said the restructuring would make its businesses ‘more nimble and customer focussed’.

It plans to end duplications in administration, with many jobs going at processing units in Glasgow and Leeds.

Leeds-based Yorkshire, which has 232 branches, is expected to see about 950 job losses. About 750 jobs will go at Glasgow-based Clydesdale, which has 217 branches. NAB said the majority of job cuts would not affect the 4,217 staff who deal with customers.


  • 30 March 2005: BBC News


Eurofound (2005), National Australia Bank, Internal restructuring in United Kingdom, factsheet number 61308, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61308.