Newspaper article Manchester Evening News

High Street Banks to Be Closed Down

Newspaper article Manchester Evening News

High Street Banks to Be Closed Down

Article excerpt

LLOYDS Banking Group has announced plans to axe dozens more branches - including two in Greater Manchester.

Banks in Oldham and Tameside are among those earmarked for closure by the firm, which owns Halifax, Lloyds and Bank of Scotland.

It's understood 1,230 roles will be put at risk - but bosses say 925 new positions will be created as it continues to expand its 'mobile branch' network.

A total of 49 Lloyds Bank and Halifax branches will close between July and October this year. Lloyds branches in Stalybridge and Royton are on the hit list.

Stalybridge and Hyde MP Jonathan Reynolds called the closure in his constituency 'short sighted.' .

A statement from Lloyds read: "Lloyds Banking Group is announcing 305 role reductions, mainly across our branch network, in addition to some other central functions.

"The changes in roles are in line with our plan to adapt to and meet the changing needs of our customers and as a result we also today announcing the creation of 925 new roles. …

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