TSB banking group to close 36 branches and slash 250 jobs | Personal Finance | Finance

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TSB has announced plans to 36 branches and cutting 250 jobs across the business.

The job cuts announced today will be in the fraud operations of the bank, central operations as well as job losses in the bank’s branch network because of the branch closures, according to Unite the Union.

Unite regional officer Andy Case said: “The decision by TSB to cut 250 roles is a grave mistake. These workers perform essential work in the fraud departments and across the branch network.

“Through extensive negotiations Unite has been able to substantially reduce the number of jobs at risk. However, that isn’t sufficient, the union is pressing TSB to urgently reconsider its damaging bank branch closures plan.

“At a time when customers are increasingly concerned about financial fraud and often need support from a local bank branch this is the wrong course of action.

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

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

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.”

TSB will have 175 branches across the UK after the latest round of closures.

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