250 staff face uncertain future
Tesco Bank relocates in head office shake-up
The move from Haymarket Yards will affect 600 staff who will move to the Gyle on the western edge of the city where there are currently1,300 employees.
The company, whose chief executive is Benny Higgins (pictured), said that staff affected by the relocation of jobs out of Edinburgh would be offered incentives. Glasgow and Newcastle mainly employ staff in call centre roles.
Haymarket Yards is leased and will be put on the market.
A Tesco Bank spokesman said: “Earlier this year we started to establish a new business structure to drive greater collaboration across the bank to ensure that we are in the best position possible to serve Tesco customers.
“To further embed this new structure, we have today informed colleagues that all head office functions will be situated at our Edinburgh South Gyle Headquarters, and that we will close our Edinburgh Haymarket Yards office.
“We are making this move from a position of strength. Integrating our Edinburgh colleagues in one location is an exciting new phase of our journey and will support our ambition to build an innovative, progressive and vibrant workplace environment for the Bank.”