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Northern Rock: Rebuilding plans are 'right' for workers.(News)
- Article from:
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The Journal (Newcastle, England)
- Article date:
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March 20, 2008
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Copyright informationCOPYRIGHT 2008 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE Prime Minister yesterday gave a vote of confidence to Northern Rock as he described restructuring plans as "right" for the company, workforce and economic stability.
Gordon Brown gave an upbeat assessment about the bank's future and expects European Union competition chiefs to approve the restructuring of Northern Rock.
The Prime Minister's comments come after it was announced that up to 2,000 jobs could go from Northern Rock and the bank be halved in size as new boss Ron ...
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