RBS announces closure of 158 branches
STATE-OWNED British banks have “turned their back on communities,” unions said yesterday after 158 branch closures were announced.
Almost 1,000 workers will be affected by the Royal Bank of Scotland (RBS) announcement, which put 472 jobs at risk.
Most of the 128 branches affected in England and Wales operate under the NatWest banner, while 30 Scottish branches of RBS could also go.
The bank, which is majority state-owned, said counter transactions had fallen by 43 per cent since 2010 amid soaring use of internet and mobile banking.
“The role of the branch is fast moving to a centre for advice, away from basic transactions,” a spokesman said.
“While the branch will still be a core part of our offering to customers, inevitably some branches will have to close.”
But Unite acting general secretary Gail Cartmail stormed: “The RBS Group is turning its back on the communities that have been the foundation of its business for generations.
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