200 jobs at risk at loans company

“Up to 200 jobs are at risk in Nottingham after loan company Welcome Financial Services said it had been badly affected by the credit crunch.

The company, which is part of stock exchange group Cattles, is in talks about cutting 1,000 jobs across the business.

Managing director John Blake said today that around 200 posts may go at the company’s operational head office at Ruddington Fields Business Park.

The company employs around 1,000 people in Nottingham at a number of different sites. These include an office on Abbeyfields Road, Lenton.

Staff were being told about the potential job cuts this morning, after the firm released a Stock Exchange statement which said new business volumes at Welcome were down 75% in 2008.”

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