Bank branch closure update: Lloyds Banking Group to shut down 'huge' location in 'blow' to 500 workers
GB NEWS
Bank branch closures are sweeping the UK but Lloyds Banking Group is also set to close one of its biggest offices in the North of England
Lloyds Banking Group is set to close one of its biggest offices in the UK following its recent wave of bank branch closures. The group, which includes Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows, is shutting down its large base of operations in Speke, Liverpool.
Unite the Union has slammed the decision as a "huge mistake" and is calling the banking group to reconsider this business move which impacts around 500 members of staff.
According to the union, employees have been informed that the bank will no longer have an office in Liverpool and that they must travel to Chester. The office in question is home to Lloyds's fraud and customer service team.
Concerns have been raised for impacted staff members who are unable to work from home following the move and those who will be required to travel an additional distance.
On behalf of concerned employees, Unite shared that some people will have to add an hour to their commute and many loyal workers wish to remain in Liverpool if possible.
Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.
Lloyds Banking Group is being accused of making a "huge mistake" when it comes to its latest closure announcement
GETTYUnite national officer Dominic Hook explained: "The proposed closure of the large Lloyds Banking Group centre in Liverpool Speke is a huge mistake. The impact on the hundreds of staff and the region will be significant and is wholly unnecessary.
"The impact of the longer commute to Chester for colleagues is huge. While some workers in Speke do currently work from home, a substantial number still do need to travel into the centre for work.
"The refusal of Lloyds Banking Group to open an alternative Liverpool office is completely unjustified and damaging. Poor communication of the site closure has added insult to injury, with management telling staff of the decision by email.
"The loss of important jobs from Liverpool is a blow. Unite wants to see Lloyds Banking Group maintain its presence in the city and ensure that those who work in its Liverpool office continue to have a safe local facility to do their jobs."
The bank has slashed the number of branches it operates in recent years
GETTYA Lloyds Banking Group spokesman told GB News: "In line with our commitment to enhancing our property estate, we are creating fewer, better-equipped, modern and sustainable offices to suit the future of our business.
"As part of this, we are building hubs and communities in key locations across the UK to help deliver on our strategy." Changing customer habits and the move to online banking has seen Lloyds close dozens of its high street branches.
More than 100 Lloyds Bank, Halifax and Bank of Scotland sites are earmarked for closure. Some 6,000 bank branches have shut down for good since 2015, according to research conducted by consumer champion Which?.
Previously, a spokesman shared: "Mobile banking is more popular than ever, with over 19.5 million customers choosing our app to manage, maximise and understand more about their money. Alongside our app, customers can bank online, at a Banking Hub, a Post Office or by speaking to one of our Community Bankers."
Furthermore, the banking group has emphasised that all locations named for potential closure have alternative options for accessing cash within their vicinity, such as a Post Office, or free-to-use ATM.
On top of this, Lloyds has announced plans to roll out 37 new Community Bankers to offer targeted banking services to parts of the country where their branch is shutting down.
LATEST DEVELOPMENTS:
Bank branch closures are continuing at an "alarming rate", according to Which?
GETTYHere is a full list of the Lloyds Bank, Halifax and Bank of Scotland branches that have been earmarked for closure by the banking group in 2025:
Lloyds Bank