The company that runs the so-called “bad bank” assets of the state-owned Northern Rock and Bradford & Bingley has recruited a new group of apprentices at its Sunderland office.
UK Asset Resolution (UKAR) takes on approximately 20 apprentices each year in a company-wide scheme, with each being taken through a year-long structured training programme, leading to an NVQ qualification and often a permanent job.
HR team co-ordinator, Bette Huitson said: “This scheme is of great benefit to UKAR as we value the enthusiasm, commitment and fresh ideas that these apprentices bring to our organisation.
Deputy Leader of Sunderland City Council, Coun Harry Trueman said: “UKAR is already a major employer in Sunderland, so this is good news for the apprentices, the company and the city.”
Based in the North East and West Yorkshire, UKAR employs 2,200 people, more than 1,000 of whom are based at Doxford Park, Sunderland.
In the first half of 2013, it saw profit rise 10% to £529m and made payments of £1.9m to the taxpayer.