Sesame Bankhall set to axe up to 100 jobs

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Up to 100 jobs will go at Sesame Bankhall as part of post-merger company restructuring, executive chairman Ivan Martin announces today.

The cuts will be the result of moves to combine and share a number of central services across the group's Sesame, Bankhall and PMS business. This includes incorporating the Sesame mortgage helpdesk into the PMS operation and the Sesame Direct function into Bankhall. In the document sent to staff explaining the restructuring, Martin says: "Our proposals regrettably mean that there could potentially be up to 100 job losses as a result of bringing the two businesses together and creating a new organisational structure." However, he says the final number of job losses will probably be les...

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