Lloyds bank to close branches and cut jobs

More devastating news for the people of the UK…

Lloyds, who are currently 9% owner by taxpayers after its £20bn rescue during the financial crisis are expected to cut 620 jobs and close 23 branches.

Lloyds are now two-thirds of their way through a strategy that they announced back in October 2014 which would see around 9000 job loses and 200 branch closures.

More of their customers are switching to online banking so not as many staff are needed in branches.

The closures will also affect Halifax Bank of Scotland and are expected to happen in October 2016.

A spokesman for Lloyds bank said: “Lloyds Banking Group is committed to working through these changes with employees in a careful and sensitive way. All affected employees have been briefed by their line manager today.”

The following branches will be closed;

Blackfen (Sidcup)
Bourne End (Bucks)
Chapel Hill (Truro)
Colindale (London)
Colyton (Devon)
Mill Hill (London)
Netherton (Dudley)
Newbridge (Gwent)
Nottingham University
Pool (Cornwall)
Radford (Coventry)
Ryton (Tyne and Wear)
Sandy (Beds)
Shifnal (Shropshire)
South Quay (London)
Southwick (Brighton)
Southwick (Sunderland)
Stanford-le-Hope (Essex)
Tonyrefail (Glamorgan)
Watchet (Somerset).

Halifax will close the following branches;

Leicester’s Horsefair (Bloomsbury London)
Merry Hill (Wolverhampton)

Will this affect your job? Is your local branch on there?