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November 30, 2017updated 01 Dec 2017 5:26am

Lloyds Bank to shut down 49 branches next year

Britain’s Lloyds Banking Group is shutting down 49 branch offices next year as increasingly large number of customers are shunning branch banking.

The proposed closure, which will be implemented across the Halifax, Bank of Scotland and Lloyds Bank chains, will lead to 99 redundancies.

The banking group has informed labour union Unite about the branch closures on 29 November. The union has demanded Lloyds to ensure there are no compulsory job cuts due to branch closure.

Rob MacGregor, national officer of Unite said: “Lloyds Banking Group needs to halt this unnecessary bank branch closure programme.

“Local communities are making it clear that the closure of their local branch excludes customers who cannot use digital means to conduct their financial transactions.”

In April this year, Lloyds announced plans to shutter nearly 100 branches resulting in loss of more than 325 jobs.

The Lloyds group has more than 2,000 branches across the UK, and employs approximately 75,000 people.

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