The bank informed its investors that it is working to slash its workforce from current 5,800 full-time staff to between 4,000 and 4,500 by 2016.The current redundancies are in addition to 950 job losses announced in January 2012.
The latest exercise, which the company claims to be part of its strategy to return the group to profit by 2016, will reduce it branches from 214 to between 175 and 185.
A bank spokesperson said, "We believe that, taking account the 950 reductions announced in early 2012, the remaining decrease in headcount should be met through natural attrition over the remaining course of the strategic plan."
"We continue to keep our costs under review," the spokesperson added.
