Home Business NewsBusinessBanking News TSB to cut 250 jobs and close 36 branches

TSB to cut 250 jobs and close 36 branches

by LLB staff reporter
8th May 24 12:11 pm

Amid a digital change TSB have announced they are to close 36 branches and axe 250 jobs, this will affect central operations, fraud department along with staff who work at the sites.

The banking group has said the closures will begin in September until May 2024 and the union Unite said that the decision is a “grave mistake.”

“These workers perform essential work in the fraud departments and across the branch network,” Unite’s regional officer Andy Case said.

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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