Mortgage News
Sesame Bankhall to make up to 100 redundancies
Sesame Bankhall Group has confirmed that up to 100 staff may be made redundant as a result of the restructure of Sesame, PMS and Bankhall.
The restructure includes combining a number of central services that will be shared across Sesame Bankhall Group.
It also includes an intention to incorporate the Sesame mortgage helpdesk into the PMS operation and the Sesame Direct function into Bankhall.
The first round of consultation meetings with staff representatives from Bankhall and Sesame has already begun.
In a statement, Ivan Martin, chief executive of Sesame, said the final number may be lower as a result of people transferring to new roles elsewhere within the business.
He concluded: “We believe the proposed changes are necessary to help us carve out a successful future for the new Sesame Bankhall Group, so that when better conditions return we are in the strongest possible position to prosper.”
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