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Rent-to-own company Brighthouse will close 30 of its stores and cut 350 jobs, shrinking its size by around a tenth. The closures around Britain are due to take place over the next two months, with Brighthouse's 3,000 workforce already informed. https://www.thisismoney.co.uk/money/news/article-6673493/Rent-firm-Brighthouse-close-30-stores-cut-350-jobs.html?mrn_rm=rta
If you've been enjoying Tesco's Clubcard Boost events, where you can double the value of your points and the like - bad news - the last one is imminent, as the supermarket are scrapping the scheme. The last boost will be held from 16th May until 26th June, so don't dither. The idea is to make these schemes easier to understand, and to make Clubcard points simpler. Clubcard Boost events have given the opportunity to swap points online or in stores, in multiples of £5 for £10 vouchers which you can spend in specific departments. However, over on their website, they've said that these events will be axed after they'd heard customers requests to make the whole Clubcard system easier to digest. Tesco said that they recognise that the scheme 'needs to be simpler to understand and easier to use'. Instead of sporadic boosts, now, savings will be offered throughout the year. All the information you need about this, can be found over at Tesco, here. http://www.bitterwallet.com/high-street-news/tesco-axes-clubcard-boost-events-may-will-be-the-last-one-91829
Royal Bank of Scotland is to axe 1,400 jobs over the next two years as part of a restructuring of its UK retail banking head office. This will take the total number of staff cut since the bank was bailed out by taxpayers in 2008 at a cost of £45.5bn to 38,900. Ross McEwan, chief executive of UK retail banking at RBS, said the cuts were necessary to improve the lender's service to customers. "We are investing £700m in the next three years in new and improving services. Regrettably, we can only do that by restructuring the way we work in head office so that every effort is concentrated on supporting our customers and the front line staff that serve them," said Mr McEwan. Workers' unions hit out at the cuts, describing the redundancies as "brutal" on top of the 37,800 jobs already lost at the bank. RBS currently employs 123,000 in its offices around the world. The announcement of the cuts followed a warning by the bank's chairman, Sir Philip Hampton, earlier this week of the need for further job losses. Link: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10061850/RBS-axes-1400-in-UK-retail-restructuring.html