Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.99 - Other financial service activities, except insurance and pension funding n.e.c.

130 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2014
Employment effect (start)
Foreseen end date


The UK's largest building society Nationwide is to cut 130 jobs from its financial planning team as it launches new online investment services. 

The organisation stated that it is currently consulting on how the new online services will complement branch activities and what the resulting impact on the financial planning team will be.  According to the sources, the company is seeking to redeploy affected staff members where possible.

In 2011, the ERM reported on job creation and job cuts by Nationwide.


  • 29 January 2014: Citywire


Eurofound (2014), Nationwide, Internal restructuring in United Kingdom, factsheet number 76602, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76602.