Metro Bank Announces Further Job Cuts and Reduced Branch Hours

The high street lender, after shedding 1,000 jobs, plans to save an additional £30m by ending seven-day operations and reducing branch hours.

Metro Bank has confirmed the loss of 1,000 jobs and plans for further reductions as part of a £30m cost-saving initiative.
The bank will end its seven-day branch operations from April, with some branches moving to five-day weeks and others reducing daily hours.
Despite the cuts, Metro Bank will not close any branches and plans to open 11 new sites, mainly in the North of England.
The cost-cutting measures follow a £925m rescue deal last October, led by Colombian billionaire Jaime Gilinski Bacal, who now owns a majority stake.
Metro Bank reported a pre-tax profit of £30.5m for 2023, marking its first statutory pre-tax profit since 2018.