Lloyds and Halifax to Close Branches and Cut Jobs- Is Your Local Going?

Elizabeth Elden
18th April 2018, 12:00 PM
  • Over 1,200 jobs will be lost
  • Telling customers to use the Post Office instead
  • 49 branches will be shut

Lloyds Banking Group is closing more branches this year. Image: Getty

Lloyds Banking Group is planning on closing 49 branches, which will cost 1,230 jobs in total.

The Group, which owns Halifax, Lloyds, and Bank of Scotland, will be closing branches from two of the three banks.

The branches will close across its Lloyds and Halifax banking brands between July and October this year.

The outlets that will be closing are smaller, ‘micro’ walk-ins, that are staffed by just two people, and designed to help customers manage transactions digitally.

It is another loss for the high street, which has already lost big brands like Toys R Us, and is at risk of favourites like New Look and Mothercare also disappearing.

The banking giant said that jobs will be cut across its branch network and some central functions as part of the move.

It said that it will try and redeploy affected staff where possible, with compulsory redundancies as a last resort.

The Group will also be creating 925 roles elsewhere in the business, and insisted the overall job losses would be 305.

A spokesperson for Lloyds said, “These branch closures are in response to changing behaviour and the reduced number of transactions being made in branches.

“The group’s policy is always to use natural turnover and to redeploy people wherever possible to retain their expertise and knowledge within the group.

“Since 2011, over 90% of role reductions have been achieved through a combination or natural attrition, redeployment, and voluntary redundancy.

“Where it is necessary for employees to leave the company, we will look to achieve this by offering voluntary redundancy.

“Compulsory redundancies will always be a last resort.”

What branches are closing?

The following branches of Lloyds will be closing down:

  1. Alford, Lincolnshire
  2. Bishops Cleeve, Cotswolds
  3. Bovey Tracey, South Devon
  4. Bridgend Industrial Estate, South Wales
  5. Brierley Hill, West Midlands
  6. Brightlingsea, Essex
  7. Butler Place, West End
  8. Chatteris, The Fens
  9. Clare, Essex
  10. Cockermouth, North Lancashire and Cumbria
  11. Colchester University of Essex, Essex
  12. Coningsby, Lincolnshire
  13. Cricklade, Cotswolds
  14. Croydon George Street, London
  15. Dawlish, South Devon
  16. East Wittering, Surrey and South Downs
  17. Frinton-on-Sea, Essex
  18. Hassocks, Sussex
  19. Hednesford, South Staffordshire
  20. Henley-in-Arden, Cotswolds
  21. Hull Derringham, North and East Yorkshire
  22. Keswick, North Lancashire and Cumbria
  23. Lakenheath, The Fens
  24. Ledbury, East Wales
  25. Mablethorpe, Lincolnshire
  26. Midhurst, Solent
  27. Ottery St Mary, Somerset
  28. Plymouth Southway, South Devon
  29. Royton, Central Lancashire
  30. Rye, Kent
  31. Selsey, Surrey and South Downs
  32. Soham, The Fens
  33. St Leonards-on-Sea Silverhill, Kent
  34. Stalybridge, Manchester
  35. Stevenage High Street, Hertfordshire
  36. Teddington, South West London
  37. Upton-upon-Severn, Severn
  38. Watton, East Anglia
  39. Wealdstone, London
  40. West Ealing, London
  41. Wingham, Kent

These are the Halifax branches that are closing:

  1. Chester St Werburgh
  2. Harold Hill
  3. Knightsbridge
  4. Portswood
  5. Preston Orchard Street
  6. Sowerby Bridge
  7. Walsall Park Street
  8. York Davygate

What do you think of the branches closing down? Let us know in the comments.

Comments
UrsulaDias
UrsulaDias11 months ago

Not my Halifax branch, fortunately!

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garygemmell
garygemmell11 months ago

Long queues is it!

Or just typical poor British customer service?

😜

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garygemmell
garygemmell11 months ago

Yep internet is where its at - we will soon be living in little pods to save space , food delivered by drone, no need to go outside just big fat potatoes in front of a tv screen - Ohh sorry silly me we already are!

😜

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