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A&L to cut 1500 staff

Alliance & Leicester has announced it is to cull up to 1500 of its employees over the next three years in a cost cutting exercise.

A&L say it is looking to slash annual costs by £100m within three years through natural staff turnover and redeployment.

The bank&#39s shares have halved in value during the past year as it has faced increased competition in the mortgage sector, but it is planning to expand in the small business and internet banking markets.

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Healthcare predictions for 2015 from Jelf Employee Benefits

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