Hundreds of jobs at risk as bank closes branches

Yorkshire Bank in Leigh is going to close. Pic: Google Street View
Yorkshire Bank in Leigh is going to close. Pic: Google Street View

Clydesdale and Yorkshire Bank is to close 79 branches with the loss of more than 400 jobs, according to Unite.

The Yorkshire Bank branches in Wigan and St Helens have escaped the axe, but the branch on King Street in Leigh is set to close its doors on May 31.

This cost-cutting plan leaves customers with less choice for local banking.

Rob MacGregor, Unite

The union said the decision to close a third of the bank’s branch network will be “deeply devastating” to the employees.

It is the largest-ever closure plan by the company and will radically change the face of the bank, according to Unite.

National officer Rob MacGregor said: “Staff across the Clydesdale and Yorkshire Bank will be devastated to learn that 79 branches will close and consequently over 400 colleagues will lose their jobs.

“Unite is clear that the closure of a third of the bank’s branches will not only be concerning for staff but the local communities which will see their bank branch close.

“This cost-cutting plan leaves customers with less choice for local banking.

“The union has called on the bank to give a commitment to mitigate compulsory redundancies where possible and that they will reconsider closing any bank branches that are the last bank in a town.

“Unite workplace representatives will be able to assist members over the coming day and weeks to support staff impacted by this announcement.”

Clydesdale said, since 2011, the number of customers using their bank for day-to-day transactions across the banking industry in the UK has fallen by a third.

The company said about 200 Clydesdale Bank staff will be at risk of redundancy and subject to its redeployment process.

Separately, about 200 Yorkshire Bank staff will be at risk of redundancy.

A statement said: “This ongoing decline in branch usage, married to a sharp and sustained increase in digital and mobile engagement, has driven a shift to providing greater access to day-to-day banking services remotely, on the move and outside of normal business hours.

“The bank continues to reshape its service offering in response to these changing needs.

“To support this transformation the bank is committing £350m over the next two years, embracing digital innovation while continuing to invest in a more sustainable branch network to deliver a superior customer experience.

“The bank’s first priority is to our customers and we will be working extensively with impacted customers, local communities and relevant stakeholders to ensure that the transition to their new branch is as smooth and as sensitive as possible, particularly where vulnerable customers are concerned.

“It is also the bank’s intention to try to find roles for frontline branch staff either within other branches or elsewhere in the bank, wherever possible.

“However, there will inevitably be employee number reductions as a result of these changes.

“We anticipate that around 200 Clydesdale Bank staff will be at risk of redundancy and subject to our redeployment process.

“All employees affected by these changes will be fully supported through the process.”