More than 200 jobs under threat at Bradford-based Provident Financial Group

Peter Crook, chief executive of Provident Financial Group

Peter Crook, chief executive of Provident Financial Group

First published in News

MORE than 200 job cuts are planned at Bradford-based lending giant Provident Financial Group.

The losses are in its traditional home credit 'doorstep lending' operation where new technology is being introduced.

Consultations have begun about 225 jobs potentially being axed, mainly among administrative clerks in its field service centres along with some supervisors.

Chief executive Peter Crook said: "The new technology we are introducing will enable us to provide the best service to our customers and the highest levels of regulatory compliance.

"As a result of the new technology and a reduction in the number of collection agents, we do not need as many people in clerical positions."

Earlier this week Bradford-based Morrisons announced plans to axe 2,600 managers in its supermarkets across the UK, while creating jobs in new supermarkets and convenience stores. Morrisons, which has 511 supermarkets , including 12 in the Bradford area, said some stores had up to seven layers of management.

Comments (15)

Please log in to enable comment sorting

12:14pm Thu 19 Jun 14

Old Dave says...

How apt that the CeO's name is Crook.
How apt that the CeO's name is Crook. Old Dave
  • Score: 7

12:14pm Thu 19 Jun 14

Avro says...

So all is not so rosey at the darling doorstep (loan shark) lender of Bradford.

What they mean by new technology is that doostep lending is in decline as a result of the growth of online and High Street Payday lenders.

The old dog has had its day!
So all is not so rosey at the darling doorstep (loan shark) lender of Bradford. What they mean by new technology is that doostep lending is in decline as a result of the growth of online and High Street Payday lenders. The old dog has had its day! Avro
  • Score: 0

12:16pm Thu 19 Jun 14

Avro says...

Old Dave wrote:
How apt that the CeO's name is Crook.
Looks' like he's about to explode!
[quote][p][bold]Old Dave[/bold] wrote: How apt that the CeO's name is Crook.[/p][/quote]Looks' like he's about to explode! Avro
  • Score: 5

12:41pm Thu 19 Jun 14

Grumpygirl says...

Put out of business by the pay day lenders. It's a shark eat shark world.
Put out of business by the pay day lenders. It's a shark eat shark world. Grumpygirl
  • Score: 29

12:53pm Thu 19 Jun 14

sorrow&anger says...

Grumpygirl wrote:
Put out of business by the pay day lenders. It's a shark eat shark world.
However unlovely their business its still jobs being lost, and along with Virgin and Morrisons it makes for a pretty depressing week.

Even in an economic boom there are always jobs being lost, but there are usually new ones to take their place. Not in Bradford though, we just go on sliding backwards and whilst City Hall produces glossy brochures.
[quote][p][bold]Grumpygirl[/bold] wrote: Put out of business by the pay day lenders. It's a shark eat shark world.[/p][/quote]However unlovely their business its still jobs being lost, and along with Virgin and Morrisons it makes for a pretty depressing week. Even in an economic boom there are always jobs being lost, but there are usually new ones to take their place. Not in Bradford though, we just go on sliding backwards and whilst City Hall produces glossy brochures. sorrow&anger
  • Score: 9

1:14pm Thu 19 Jun 14

bald148 says...

Pay day lenders are far worse. At least with Provident you could see who you are dealing with. They might be expensive, but they do have a public face, unlike on line sharks. Some people can't even get money from sharks like "wonga and others". Provident do check that you can afford to pay them back and their loans are on a longer term basis so more manageable for most people on a very tight budget.
Pay day lenders are far worse. At least with Provident you could see who you are dealing with. They might be expensive, but they do have a public face, unlike on line sharks. Some people can't even get money from sharks like "wonga and others". Provident do check that you can afford to pay them back and their loans are on a longer term basis so more manageable for most people on a very tight budget. bald148
  • Score: 9

1:24pm Thu 19 Jun 14

Cooperlane2 says...

After the redundancy pay runs out, they know where to get a short term loan...
After the redundancy pay runs out, they know where to get a short term loan... Cooperlane2
  • Score: -2

2:00pm Thu 19 Jun 14

Class_War says...

So much for the so-called 'Jobs Boom'. Cameron is either lying or deluded.
So much for the so-called 'Jobs Boom'. Cameron is either lying or deluded. Class_War
  • Score: 2

5:22pm Thu 19 Jun 14

linebacker2 says...

Avro wrote:
So all is not so rosey at the darling doorstep (loan shark) lender of Bradford.

What they mean by new technology is that doostep lending is in decline as a result of the growth of online and High Street Payday lenders.

The old dog has had its day!
As a shareholder in PFG, I can assure you're wrong.

They've gone from £14 a share to over £20, up another 1% today and sitting on a good yield.
[quote][p][bold]Avro[/bold] wrote: So all is not so rosey at the darling doorstep (loan shark) lender of Bradford. What they mean by new technology is that doostep lending is in decline as a result of the growth of online and High Street Payday lenders. The old dog has had its day![/p][/quote]As a shareholder in PFG, I can assure you're wrong. They've gone from £14 a share to over £20, up another 1% today and sitting on a good yield. linebacker2
  • Score: 1

5:29pm Thu 19 Jun 14

linebacker2 says...

sorrow&anger wrote:
Grumpygirl wrote:
Put out of business by the pay day lenders. It's a shark eat shark world.
However unlovely their business its still jobs being lost, and along with Virgin and Morrisons it makes for a pretty depressing week.

Even in an economic boom there are always jobs being lost, but there are usually new ones to take their place. Not in Bradford though, we just go on sliding backwards and whilst City Hall produces glossy brochures.
Both the Morrisons & Provvy job losses are outside Bradford if you read the articles...
[quote][p][bold]sorrow&anger[/bold] wrote: [quote][p][bold]Grumpygirl[/bold] wrote: Put out of business by the pay day lenders. It's a shark eat shark world.[/p][/quote]However unlovely their business its still jobs being lost, and along with Virgin and Morrisons it makes for a pretty depressing week. Even in an economic boom there are always jobs being lost, but there are usually new ones to take their place. Not in Bradford though, we just go on sliding backwards and whilst City Hall produces glossy brochures.[/p][/quote]Both the Morrisons & Provvy job losses are outside Bradford if you read the articles... linebacker2
  • Score: 4

5:35pm Thu 19 Jun 14

mrs walker says...

bald148 wrote:
Pay day lenders are far worse. At least with Provident you could see who you are dealing with. They might be expensive, but they do have a public face, unlike on line sharks. Some people can't even get money from sharks like "wonga and others". Provident do check that you can afford to pay them back and their loans are on a longer term basis so more manageable for most people on a very tight budget.
Or you could go to a credit union.
[quote][p][bold]bald148[/bold] wrote: Pay day lenders are far worse. At least with Provident you could see who you are dealing with. They might be expensive, but they do have a public face, unlike on line sharks. Some people can't even get money from sharks like "wonga and others". Provident do check that you can afford to pay them back and their loans are on a longer term basis so more manageable for most people on a very tight budget.[/p][/quote]Or you could go to a credit union. mrs walker
  • Score: 4

8:02pm Thu 19 Jun 14

tinytoonster says...

bald148 wrote:
Pay day lenders are far worse. At least with Provident you could see who you are dealing with. They might be expensive, but they do have a public face, unlike on line sharks. Some people can't even get money from sharks like "wonga and others". Provident do check that you can afford to pay them back and their loans are on a longer term basis so more manageable for most people on a very tight budget.
not the crook are you?
shouldn't really mention morrisons and parasite provident in the same story as if they are both the same!
[quote][p][bold]bald148[/bold] wrote: Pay day lenders are far worse. At least with Provident you could see who you are dealing with. They might be expensive, but they do have a public face, unlike on line sharks. Some people can't even get money from sharks like "wonga and others". Provident do check that you can afford to pay them back and their loans are on a longer term basis so more manageable for most people on a very tight budget.[/p][/quote]not the crook are you? shouldn't really mention morrisons and parasite provident in the same story as if they are both the same! tinytoonster
  • Score: 1

9:28am Fri 20 Jun 14

Born In A Barn says...

linebacker2 wrote:
Avro wrote:
So all is not so rosey at the darling doorstep (loan shark) lender of Bradford.

What they mean by new technology is that doostep lending is in decline as a result of the growth of online and High Street Payday lenders.

The old dog has had its day!
As a shareholder in PFG, I can assure you're wrong.

They've gone from £14 a share to over £20, up another 1% today and sitting on a good yield.
Wow - I need to get me some shares if Provvy. Clearly doing pretty well. Given that, I suspect what they mean by 'new technology' is 'new technology'.
[quote][p][bold]linebacker2[/bold] wrote: [quote][p][bold]Avro[/bold] wrote: So all is not so rosey at the darling doorstep (loan shark) lender of Bradford. What they mean by new technology is that doostep lending is in decline as a result of the growth of online and High Street Payday lenders. The old dog has had its day![/p][/quote]As a shareholder in PFG, I can assure you're wrong. They've gone from £14 a share to over £20, up another 1% today and sitting on a good yield.[/p][/quote]Wow - I need to get me some shares if Provvy. Clearly doing pretty well. Given that, I suspect what they mean by 'new technology' is 'new technology'. Born In A Barn
  • Score: 0

9:53am Fri 20 Jun 14

Avro says...

linebacker2 wrote:
Avro wrote:
So all is not so rosey at the darling doorstep (loan shark) lender of Bradford.

What they mean by new technology is that doostep lending is in decline as a result of the growth of online and High Street Payday lenders.

The old dog has had its day!
As a shareholder in PFG, I can assure you're wrong.

They've gone from £14 a share to over £20, up another 1% today and sitting on a good yield.
Shares are only on the up because of the fallout from the recession, where out of desperation lots of people have turned to these loan sharks. Even Dick Turpin had the decency to wear a mask!

Your yield is on the back of life long debt for thousands of people that get involved with such lenders!
[quote][p][bold]linebacker2[/bold] wrote: [quote][p][bold]Avro[/bold] wrote: So all is not so rosey at the darling doorstep (loan shark) lender of Bradford. What they mean by new technology is that doostep lending is in decline as a result of the growth of online and High Street Payday lenders. The old dog has had its day![/p][/quote]As a shareholder in PFG, I can assure you're wrong. They've gone from £14 a share to over £20, up another 1% today and sitting on a good yield.[/p][/quote]Shares are only on the up because of the fallout from the recession, where out of desperation lots of people have turned to these loan sharks. Even Dick Turpin had the decency to wear a mask! Your yield is on the back of life long debt for thousands of people that get involved with such lenders! Avro
  • Score: -3

12:27pm Fri 20 Jun 14

bcfc1903 says...

These countrywide job cuts are not good news, if it's your job going it's pretty devastating but in todays cut throat business world and in regards to technology, they wont be the last. Where new technology is concerned in replacing older methods it usually means one thing, job losses, this company will not be the only one slimming it's work force down in regards to new methods.
These countrywide job cuts are not good news, if it's your job going it's pretty devastating but in todays cut throat business world and in regards to technology, they wont be the last. Where new technology is concerned in replacing older methods it usually means one thing, job losses, this company will not be the only one slimming it's work force down in regards to new methods. bcfc1903
  • Score: 0

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree