Lloyds bank to bite another 15 branches

Closures: Lloyds has announced that it will cut thousands of jobs and close stores across the country to focus more on the digital banking aspect of the business

Lloyds Banking Group is closing another 15 bank branches while continuing with plans to reorganize the company.

As many as 23 jobs will be lost when the branches close by the end of March.

The 15 closing locations are: Cardiff Business Branch, Buckley, Stapleford, Rowlands Gill, Mickleover, Madeley Telford, Leicester Narborough Rd, Heywood, Heanor, Coventry Earlsdon, Cardiff Bay, Cambridge Mill Rd, Bristol Redland, Blackwater and Basingstoke Winchester St.

Closures: Lloyds has announced that it will cut thousands of jobs and close stores across the country to focus more on the digital banking aspect of the business

Closures: Lloyds has announced that it will cut thousands of jobs and close stores across the country to focus more on the digital banking aspect of the business

A Lloyds spokesperson said: "We have confirmed the locations of a small number of Lloyds bank branches that will close between January and March 2019.

& # 39; These branch closures are a response to changing customer behavior and the reduced number of transactions in subsidiaries.

& # 39; All branches announced before closure have a post office less than 800 km away, so customers still have local access to their banking business.

& # 39; We continue to make significant investments in our operations and we are proud to have the largest network of sites in the UK. & # 39;

The closures have so far been managed without forced redundancies, according to Union Accord.

The management: Antonio Horta Osorio has been CEO of Lloyds Banking Group since 2011

The management: Antonio Horta Osorio has been CEO of Lloyds Banking Group since 2011

The management: Antonio Horta Osorio has been CEO of Lloyds Banking Group since 2011

In April, Lloyds announced that it was reducing 1,230 jobs in its branch network and a number of central functions.

A further 405 job losses were announced in the summer but the bank said its staff base would only be shrunk fundamentally by 255 roles as another 195 roles would be added.

The bank, under the management of Antonio Horta Osorio, recently fired 380 employees at the commercial banking, lending and lending divisions, and divisions for retail and transformation.

In recent months Lloyds has implemented a restructuring of its personnel and branch network.

The reorganization hopes to make the bank more relevant amid a boom in digital banking.

The rescheduling decision was part of plans to close another 49 branches between Lloyds and Halifax between July and October this year.

Last year Lloyds confirmed that it would close 100 branches, with hundreds of jobs, while in February it announced that another 465 roles would be canceled.

The bank said it would add seven more mobile sites to its network and create 925 roles elsewhere in the company to compensate for the closures.

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