Sainsbury is expected to cut a number of jobs at its banking venture, Sainsbury’s Bank.
The company has written to all of its 350 employees warning them that their jobs may be at risk.
Sainsbury’s Bank is run as a joint venture with HBOS, with employees based at HBOS’ headquarters in Edinburgh and in sales teams across the UK.
According to newspaper reports, the Bank has been performing well below expectations for the last six months, leading to the review.
The company has written to all of its 350 employees warning them that their jobs may be at risk.
Sainsbury’s Bank is run as a joint venture with HBOS, with employees based at HBOS’ headquarters in Edinburgh and in sales teams across the UK.
According to newspaper reports, the Bank has been performing well below expectations for the last six months, leading to the review.
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