States support for Clydesdale staff

SUPPORT is available from the States to any employees affected by Clydesdale Bank International pulling out of the island.

The move will come at a cost of 19 local jobs and the bank has announced that employees had begun running down the existing business – a process not expected to be complete before 2014.

Commerce and Employment minister Kevin Stewart confirmed that a support network could be provided.

'The business decision taken by Clydesdale Bank International to pull out of Guernsey has, of course, been met with disappointment within the business community and within Government and our thoughts are with the Guernsey Clydesdale team who are affected,' said Deputy Stewart.