Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

440 jobs
Number of planned job losses
Job loss
Announcement Date
25 January 2017
Employment effect (start)
1 May 2017
Foreseen end date


Yorkshire Building Society (YBS) has announced that it is to close 48 of its branches and will no longer be offering current accounts. A total of 440 jobs are expected to be affected by this decision. YBS will focus on mortgages and savings accounts and will no longer operate the Norwich and Peterborough brand on the high street. 20 Yorkshire branches are due to close in May 2017, along with 28 Norwich and Peterborough branches starting from September 2017. Following the restructure, the company will have 260 branches remaining.


  • 25 January 2017: The Guardian


Eurofound (2017), Yorkshire Building Society, Internal restructuring in United Kingdom, factsheet number 90120, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90120.