Virgin Money will close its Norwich office, Norfolk, next
Virgin Money has announced it is closing its Norwich office, Norfolk, next year, making around 50 people redundant.
Discovery House in the Norwich Business Park is expected to close by October 2020.
The site is currently home to both Virgin Money and Virgin Money Giving. The latter will remain
Currently around 150 people are employed at Discovery House - though 100 of those
A spokeswoman for Virgin Money said these redundancies will be made to avoid duplication of roles. They don't have an exact
The news comes as Virgin Money becomes integrated with CYBG, which bought out the business in 2018.
A spokesman said that
Two other offices in Edinburgh and Leeds are also set to close in the restructuring.
A total of 330 people will be made redundant as a result.
Chief executive at CYBG, David Duffy said the consolidation of the operating
Duffy said detailed planning is in place to ensure that the Bank is able to safely transfer operations to the major hubs over time, while continuing to provide the same great service for customers every day.
He said, they
Employees at Virgin Money are represented by Unite. The union's national officer, Rob MacGregor, said that Unite is deeply alarmed that as CYBG and Virgin Money approach formal integration the business has decided to cut 330 roles and close a number of sites.
He said Unite workplace representatives will be supporting members over the coming days and weeks across the sites.