G&G to cull BDMs in big broker service revamp

Jones, Lee
August 2007
Mortgage Strategy;8/13/2007, p9
Trade Publication
The article reports on the plan of Cheltenham & Gloucester PLC (C&G) to change its service to brokers by reducing 16 business development manager (BDM) positions. This decision follows Lloyds TSB PLC's announcement to close 31 C&G branches across Great Britain in November 2007. The closures will result to 27 C&G BDM working at the threatened branches in 16 BDM territories.


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