Nationwide to cut 275 jobs in latest round since takeover of Virgin Money

Exclusive: Bosses tell staff cuts part of effort to ‘simplify’ operations and ‘remove duplication’ across wider workforce

Nationwide building society is slashing another 275 jobs in the latest round of cuts since bank bosses pushed through a £2.9bn takeover of Virgin Money.

Bosses made the announcement to staff on Wednesday, saying it was part of efforts to simplify the bank’s operations and “remove duplication” after absorbing thousands of staff in to the group’s wider workforce.