United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

130 jobs
Number of planned job losses
Job loss
Announcement Date
12 March 2013
Employment effect (start)
12 March 2013
Foreseen end date
1 January 2015


National Australia Bank (NAB), who own Yorkshire and Clydesdale banks, has announced 130 job cuts as it closes its wealth business in the UK. The job cuts are part of the 1,400 job losses announced by the bank in April 2012 and previously reported (please see here).  Trade union Unite has labeled the job cuts cruel as they follow months of training for staff to help them to comply with new legislative requirements which meant that they had hoped that their jobs were safe. 


  • 14 March 2013: BBC Website


Eurofound (2013), National Australia Bank (NAB), Closure in United Kingdom, factsheet number 75057, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75057.