Lloyds to Close 56 Branches and Cut 160 Jobs, Unite Says
18 Novembre 2020 - 01:11PM
Dow Jones News
By Sabela Ojea
Unite the Union said Wednesday that Lloyds Banking Group PLC
will be closing 56 branches across Lloyds, Halifax and Bank of
Scotland, which will result in 160 job cuts.
Unite said the FTSE 100 listed bank's branches were initially
meant to close over a six-month period, starting from April to
October this year.
However, "instead they will be raced through from March 2021 as
LBG plays catchup on the closure plans," the trade union said.
"Unite has opposed these bank branch closures at every step. The
decision to go ahead and close 56 branches is unjustified and
damaging. This devastating news comes just two weeks after the bank
announced the loss of over 1,000 jobs from across LBG," Rob
MacGregor, Unite national officer, said.
Lloyds's shares at 1129 GMT were down 0.01% at 35.59 pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 18, 2020 06:56 ET (11:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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