The bank announced on 27 June that it would be closing its loan division but according to one source, it has placed its staff members on a 90-day notice period which would see them lose out financially should they break this.
The source said: “The staff are under a 90-day notice period, which runs until 15 October, so if they get another job and decide to leave the company before then, they will lose out on the redundancy payment.”
The source also claimed that Capital One had invited a number of businesses to make pitches for its staff, with these companies set to make representations over the next few weeks.
Companies close to its Macclesfield base have been given priority to help ease the transition for staff.
Capital One was unable to comment on the redundancies at the time of going to press but reiterated that it remained fully committed to both its staff and customers.
A spokesperson for Captial One, commented: “The operation will continue for several months in order to ensure the effective and fair transition of customers. Approximately 230 associates based at our Macclesfield site will be impacted by these changes.
“Capital One has an absolute commitment to treating all of these affected associates with dignity and respect and all employees will receive support throughout the coming months.”
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