Nationwide to cut 600 jobs in first redundancies after takeover of Virgin Money

Exclusive: Move affects staff of both companies whose roles will be duplicated once operations are merged

Nationwide building society is axing 600 jobs in the first major round of cuts linked to its controversial takeover of the high street bank Virgin Money.

The move affects both Nationwide and Virgin Money staff, whose roles are due to be duplicated once the lenders’ operations are fully merged.