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2,000 jobs to go as Virgin Money, Lloyds and Direct Line all slash roles

2,000 jobs to go as Virgin Money, Lloyds and Direct Line all slash roles

Business
Virgin Money, Lloyds Banking Group and Direct Line have announced job cuts totalling more than 2,000 on a bleak day for financial services workers.The three companies all partly blamed ongoing changes to customer behaviour for the cuts - including the fact that many bank customers choose to go online rather than visit branches. Direct Line is slashing around 7% of its workforce with 800 jobs going, while Lloyds is cutting 780 roles and Virgin Money will lose 500.In a statement published on Wednesday afternoon, Virgin Money - which is based in Norwich - said the move was partly the result of a shift to online banking and also part of ongoing changes following its merger with Clydesdale and Yorkshire Bank. Image: The banks said that mobile and onl...
NASA to accept applications for astronaut jobs in March

NASA to accept applications for astronaut jobs in March

Science
ORLANDO, Fla., Feb. 13 (UPI) -- NASA expects thousands of astronaut applications after it starts to accept them March 2, with enthusiasm fueled by the much-anticipated return to human spaceflight this year. "I wouldn't be surprised if they have 50,000 applicants now. Going back to the moon is motivating a lot of people," said Michael Staab, a flight systems engineer who works for NASA's Jet Propulsion Laboratory in Pasadena, Calif. Staab said he plans to apply for the second time. When NASA last enrolled an astronaut class three years ago, the space agency received more than 18,000 applications -- three times the previous number in 2012 and surpassing a then-record 8,000 applicants in 1978. NASA plans to land astronauts on the moon by 2024 -- 55 years after the first lunar landing. Twelv...
Sky Studios Elstree development to create 2,000 jobs

Sky Studios Elstree development to create 2,000 jobs

Business
Sky, the parent firm of Sky News, has announced plans to develop a new 32-acre TV and film studio at Elstree in Hertfordshire, creating up to 2,000 jobs.The company said the proposed new development, beside the current Elstree Studios, represented a "significant new investment in the UK and European creative economy". Sky hoped the new facility, with 14 sound stages, would open in 2022 and attract an additional £3bn of production investment over the first five years of operation. Image: Sky's CEO says the new studios will support production of original content like Chernobyl. Pic: Sky Atlantic/ HBO "Once complete, the site will include production offices, a set construction workshop, a screening cinema and state-of-the-art post-produc
Tata Steel: 1,000 UK jobs to go amid worldwide cuts

Tata Steel: 1,000 UK jobs to go amid worldwide cuts

Business
Tata Steel has announced it expects to cut 1,000 jobs across the UK as part of the company's restructuring plans.Two thirds of the job losses will be management and office-based roles, Tata said.In the Netherlands 1,600 positions are also set to go, with 350 others cut elsewhere in the world.Tata Steel's Europe CEO, Henrik Adam, said the company "cannot afford to stand still" as "the world around us is changing fast and we have to adapt".Steelworker's union Community said it was "seriously concerned"."We have been presented with short-term plans, which only create worry and uncertainty and do little to inspire confidence," it added."It feels like the company is just managing decline and we need a significant change of direction t...
TSB to shut 82 branches – threatening 400 jobs

TSB to shut 82 branches – threatening 400 jobs

Business
TSB is to shut 82 branches as part of a £100m cost-cutting drive, the bank has announced.The closures, which make up about 15% of the overall number, is part of a three-year turnaround plan by the high street lender. Up to 400 jobs could be at risk from the cutbacks, although TSB has said it will try to find new roles for those staff affected elsewhere in the group. Image: Paul Pester stepped down as chief executive in the wake of the IT debacle A full list of the sites earmarked for closure is due to be published on Thursday.The move comes as the bank attempts to turn around its fortunes after last year's IT fiasco, which left nearly two million people locked out of their accounts and led to the then chief executive Paul Pester to st