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Lloyds to shutter another 49 branches

29 November 2017  |  3863 views  |  0 Lloyds branch

Lloyds Banking Group has formulated plans to close another 49 branches with the loss of 99 jobs.

While Lloyds is investing in a small group of flagship sites, the bank is also in the midst of a three year programme to shut 400 branches and shrink hundreds more, ditching tellers in favour of tablet-wielding wandering staffers.

Lloyds says the programme is a response to increasing online interactions and reduced footfall in high street outlets.

The move has been criticised by labour union Unite, which is pressing the bank to guarantee there are no compulsory redundancies as a result of its actions.

Rob MacGregor, Unite national officer says: “Lloyds Banking Group needs to halt this unnecessary bank branch closure program. Local communities are making it clear that the closure of their local branch excludes customers who cannot use digital means to conduct their financial transactions."

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