Metro Bank to cut about 800 jobs and review opening hours

Lender to ramp up cost-cutting plans after rescue deal and assess seven-days-a-week branch model

Metro Bank plans to cut about 800 jobs by the end of March, and review its famous seven-days-a-week branch model, after ramping up cost-cutting plans in the wake of last month's multimillion-pound rescue deal.

The lender said plans to cut a fifth of its 4,000-strong workforce followed further evaluation of the cost base", which found it could save up to 50m a year, including by investing in automation and potentially scaling back opening hours for its 76 branches.