{{B}}Bad news for
bankers{{/B}} There was great uncertainty today about the future for employees of Lancet Bank following publication of{{U}} (29) {{/U}}...company's yearly financial results. Losses reached £8.5m,{{U}} (30) {{/U}}... this year's financial figures the worst{{U}} (31) {{/U}}... almost 20 years. Lancet Bank,{{U}} (32) {{/U}}.,. was founded over a century ago{{U}} (33) {{/U}}...Jamie McCIoud, currently employs more{{U}} (34) {{/U}}... 5,000 staff at 200 branches, mainly in Wales and the north of England. Many people believe stories that the bank is planning to close most of{{U}} (35) {{/U}}... branches in Wales. However, the bank has refused to comment on{{U}} (36) {{/U}}... rumours. Gary Tooley, a spokesman for Lancet, warned that{{U}} (37) {{/U}}... some redundancies would be unavoidable, he could give no further details{{U}} (38) {{/U}}... September at the earliest. Union officials are currently involved.{{U}} (39) {{/U}}... talks with management and are trying to find an acceptable solution for{{U}} (40) {{/U}}... parties. |