
James O'Brien 10am - 1pm
8 May 2024, 13:07 | Updated: 8 May 2024, 13:10
TSB is closing 36 of its branches and axing 250 jobs as part of a business shake-up.
The job cuts will be in the fraud operations department of the bank and central operations as well as staffing in the branches earmarked for closure.
The closures will start in September this year and continue through to May next year.
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."
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TSB will only have 175 branches across the UK after the closures.
Trade union Unite said the decision by the UK high street lender was a "grave mistake".
"These workers perform essential work in the fraud departments and across the branch network," regional officer Andy Case said.
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