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The Co-operative Bank has said it plans to cut around 400 jobs in the UK as part of plans to slash costs.

The bank said that it was embarking on a consultation and restructure which will lead to a net reduction of 12% of its roles across the organisation.

Co-operative Bank bosses have insisted that the plans are essential.

More than one in 10 of the bank's workforce will go in plans to slash costs

The Co-operative Bank has a branch in Clumber Street, Nottingham

The bank said the plans were ‘essential for the delivery’ of its strategy.

The bank said the plans were ‘essential for the delivery’ of its strategy.

The Co-operative Bank has said it plans to cut around 400 jobs, more than one in 10 of its workforce, as part of plans to slash costs.

The bank said the plans were ‘essential for the delivery’ of its strategy.

The bank said the plans were ‘essential for the delivery’ of its strategy.

The Co-operative Bank is axing the equivalent of more than one in 10 of its workforce, as part of cost-cutting measures that will result in a net reduction of 12% of roles overall

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