Northern Rock was described yesterday as "short term" and "rash" for planning to shed 650 of the state owned bank's 4,500 staff. The company also dealt those who remain a further blow by closing the final salary pension scheme to future contributions.
All grades of staff will be affected by the job losses and Northern Rock has entered a 90-day consultation period before the first of the cutbacks.
Unite National Officer for the Finance Sector Rob MacGregor, said the decision was "devastating" and customer service would suffer.
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