TSB banking group to close 36 branches and slash 250 jobs


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 36 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.

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