TSB to close 36 bank branches and cut 250 jobs

Banking group TSB has said it is closing 36 branches and cutting 250 jobs across the business.
Greg Wright
By Greg Wright
Published 8th May 2024, 12:21 BST
Updated 8th May 2024, 12:29 BST

The job cuts will be in the fraud operations department of the bank, central operations and staff who work at the branches earmarked for closure.

The latest round of branch closures will start in September, and continue through to May next year.

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Trade union Unite said it will be holding fresh negotiations with TSB about ways to further reduce job losses.

TSB has said it is closing 36 branches and cutting 250 jobs across the business. The branch closures will start in September, and continue through to May next year. The job cuts will be in the fraud operations department of the bank, central operations and staff who work at the branches earmarked for closure. (Photo by Aaron Chown/PA Wire)TSB has said it is closing 36 branches and cutting 250 jobs across the business. The branch closures will start in September, and continue through to May next year. The job cuts will be in the fraud operations department of the bank, central operations and staff who work at the branches earmarked for closure. (Photo by Aaron Chown/PA Wire)
TSB has said it is closing 36 branches and cutting 250 jobs across the business. The branch closures will start in September, and continue through to May next year. The job cuts will be in the fraud operations department of the bank, central operations and staff who work at the branches earmarked for closure. (Photo by Aaron Chown/PA Wire)

A spokesman for TSB said: “The decision to close a branch is never taken lightly, but our customers are now doing most of their banking digitally and we need to move to a better balance of digital and face-to-face services.

“We remain committed to a national branch network and through innovation and integration with video, telephone, digital, branch and other face-to-face services TSB customers have more ways to bank with us than ever before.”

Related topics:TSBUnite

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