Nationwide puts more than 300 people’s jobs at risk in latest cuts

Letter to staff from building society's union says move will lead to about 125 job losses, taking cuts over past year to nearly 800

Nationwide building society has put more than 300 people's jobs at risk in the lender's third round of cuts over the past 12 months as bosses push ahead with a major restructuring plan.

A letter sent to staff by Nationwide's employee union, and seen by the Guardian, explains that the latest redundancies will affect workers across its retail service, customer resolutions, support and retail-risk divisions.