Lloyds and Halifax to Close Branches and Cut Jobs- Is Your Local Going?
- Over 1,200 jobs will be lost
- Telling customers to use the Post Office instead
- 49 branches will be shut
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.
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:
- Alford, Lincolnshire
- Bishops Cleeve, Cotswolds
- Bovey Tracey, South Devon
- Bridgend Industrial Estate, South Wales
- Brierley Hill, West Midlands
- Brightlingsea, Essex
- Butler Place, West End
- Chatteris, The Fens
- Clare, Essex
- Cockermouth, North Lancashire and Cumbria
- Colchester University of Essex, Essex
- Coningsby, Lincolnshire
- Cricklade, Cotswolds
- Croydon George Street, London
- Dawlish, South Devon
- East Wittering, Surrey and South Downs
- Frinton-on-Sea, Essex
- Hassocks, Sussex
- Hednesford, South Staffordshire
- Henley-in-Arden, Cotswolds
- Hull Derringham, North and East Yorkshire
- Keswick, North Lancashire and Cumbria
- Lakenheath, The Fens
- Ledbury, East Wales
- Mablethorpe, Lincolnshire
- Midhurst, Solent
- Ottery St Mary, Somerset
- Plymouth Southway, South Devon
- Royton, Central Lancashire
- Rye, Kent
- Selsey, Surrey and South Downs
- Soham, The Fens
- St Leonards-on-Sea Silverhill, Kent
- Stalybridge, Manchester
- Stevenage High Street, Hertfordshire
- Teddington, South West London
- Upton-upon-Severn, Severn
- Watton, East Anglia
- Wealdstone, London
- West Ealing, London
- Wingham, Kent
These are the Halifax branches that are closing:
- Chester St Werburgh
- Harold Hill
- Preston Orchard Street
- Sowerby Bridge
- Walsall Park Street
- York Davygate
What do you think of the branches closing down? Let us know in the comments.