Tenet Group is set to make some redundancies across its business following a strategic review.
This comes after the company decided to dispose of its network business earlier this week and sell its Tenet Network to LSL and Openwork.
Mortgage Solutions understands that the group has aimed to save a significant number of jobs as part of this review and only expects to make a ‘small number’ of redundancies.
Its staff are expected to stay on until December 2023 and in that time, Tenet will operate as usual.
Tenet is expected to consult with its staff about this and the company is working to minimise the number of redundancies. It will be supporting affected employees, this publication understands.
The group will retain its subsidiaries Tenet and You, Tenet Mortgage Solutions, Tenet Financial Services and Tenet Compliance Services.
On the sale of its network, Phillip Hilling, chairman of Tenet Group, said the strategic review was in the “long-term best interest” of its stakeholders and he was happy to secure agreements with well-established companies.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
