The Royal Bank of Scotland has announced that it will close up and down 54 of its stores next year.
The bank, which still holds 62 percent of taxpayers, said that the extra closures will continue because it is no longer launch of Williams & Glyn as a challenger bank.
The last closing round of the bank will take place next to the 162 closures and 792 redundancies announced in May.
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Closures: The Royal Bank of Scotland has announced that it will close another 54 of its stores
The closings announced today mean that RBS will end with only 54 locations in England and Wales.
Unite union has branded this step, making 258 RBS employees superfluous, "utterly disgusting," claiming that it will further decimate communities that depend on local bank branches.
In the meantime, rival Lloyds Banking Group will cut 380 jobs while the company continues to reorganize, according to the Accord trade union.
The transfer touches the staff in the commercial banking, people and productivity and retail divisions and the bank's transformation. The reorganization will also involve the creation of 435 new roles, which will result in a net increase of 55 positions.
At first glance, the plans look positive, not all existing colleagues have the transferable skills for the newly created roles and will mean that some have to deal with resignation, said Accord.
Earlier this year, research of consumer group Which? revealed that around 60 bank branches are closed every month, thus creating the financial risk of isolating millions of consumers, particularly the elderly and vulnerable people, who depend on cash and branch services.
In a statement, RBS said: "Because we no longer launch Williams & Glyn as a challenger bank, we now have two file networks that operate close together in England and Wales: NatWest and Royal Bank of Scotland.
"As a result, we have reviewed our overall industry footprint in England and Wales and made the difficult decision to close 54 Royal Bank of Scotland offices. & # 39;
Closed establishments include the plants in Basildon, Bolton Harwood, Kingston Upon Thames, Notting Hill Gate in London, Swansea and Wolverhampton.
Trade unions reacted furiously to the news and described the decision as a blow to the handicapped and the elderly.
Responsible: Ross McEwan became the CEO of RBS in October 2013
Sparse: the closures announced today mean that RBS will end with only 54 locations in England and Wales
Rob MacGregor, from Unite Unite, said: "It is utterly disgusting that Royal Bank of Scotland has the guts to announce that even more important local bank branches will close their doors permanently.
This announcement raises further misery about communities in England and Wales that have already seen the collapse of local banking services as branches previously identified by the bank in 2018 as an alternative to customers whose affiliates were closed, who now undergo the same fate.
The handicapped, the elderly and many local businesses will be deeply disappointed today that their bank has opted to withdraw from their community and no longer give them access to banking services that we all deserve. & # 39;
RBS said that the transactions of branches across its sites in England and Wales have decreased by 30 percent since 2014, while the number of online customers grew by 53 percent and the mobile transaction levels increased by 74 percent during the period.
A spokesperson for RBS said: & # 39;We will now focus on investments in our Royal Bank network in England and Wales to ensure that customers have a consistent range of products and services, no matter where they settle, whether it is Scotland, England or Wales. & # 39;
RBS said it will write to customers affected by the branch termination to inform them about how they can continue banking.
The group said that RBS customers can now use NatWest sites for their daily banking business, such as withdrawing money, checking or paying balances.
The shares in RBS increase by 1.97 percent or 4.85p to 251.35p.
In June, figures published by consumer group Which? revealed that about 60 bank branches are closed every month.
At that moment, which? Money expert, Gareth Shaw, said: "Although the decision is clearly commercial for a bank, it is also crucial that banks recognize the needs of their customers and the communities they serve, before they simply close their doors – and their customers from. & # 39;
Close the 54 RBS branches
Blackpool Talbot Square
Buxton High Street
Kensington High Street, London
Kingston Upon Thames
Notting Hill Gate, London