Virgin Money Says More Cuts to Come After Eliminating 150 Jobs.

Virgin Money UK Plc has announced plans to cut more jobs as part of its efforts to reduce annual expenses by £200 million ($251 million) and increase returns. The company has already eliminated around 150 full-time positions, closed 39 branches, and reduced its office space by 35%. Virgin Money, the sixth-largest lender in Britain, has been facing challenges in competing with larger domestic rivals. In addition, the company has received approval to extend the term of its board chairman, David Bennett, until October 2026. [Extracted from the article]