UK Asset Resolution sheds jobs due to office closure

UKAR chief executive Richard Banks said it was the company's job to wind down the mortgage books, for which it will need "fewer people" and only two offices, in West Yorkshire and Sunderland. A site in Gosforth is to close. "It will no longer be cost effective to run the business from three sites," Parks said. "Our duty is to deliver value for money for our owner, the UK taxpayer. "The loss of some jobs is regrettable but we will work hard with colleagues and the union to relocate people where possible and offer support to those colleagues affected." UKAR said most staff from its G...