Skip to main content
Co-op worker unions call for urgent action following huge losses
The group's bank is expected to announce £1.5 billion losses

Unions representing thousands of Co-operative Group workers called yesterday for urgent reforms to stabilise the troubled organisation.

The Co-op Bank is expected to confirm losses of at least £1.5 billion later this week following a disastrous takeover of Britannia group and attempted takeover of Lloyds.

Co-op Bank’s problems — which resulted in the loss of its co-operative status through a private finance bail-out — are jeopardising the Co-op Group of which it is a part.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
An excavator removes rubble as a firefighter sprays water on smoldering debris at the site of a strike that destroyed half of the Khorasaniha Synagogue and nearby residential buildings in Tehran, Iran, April 7, 2026
Middle East / 14 April 2026
14 April 2026

From Vietnam to Iran, US leaders repeat a failed strategy of terror bombing – one that history shows cannot break a determined, resilient society, says DYLAN MURPHY

TAINTED PAST REVISITS PRESENT: Postbank in Berlin / Pic: EmptyTerms/CC
Civil Liberties / 9 March 2026
9 March 2026

JOHN GREEN argues that the spreading practice of closing bank account without proof of criminality is an infringement of an elementary human right

Joanne Thomas campaigning for safe shopwork
Durham Miners’ Gala 2025 / 12 July 2025
12 July 2025

Incoming Usdaw general secretary JOANNE THOMAS talks to Ben Chacko about workers’ rights, Labour and how to arrest the decline of the high street