40 branch closures announced today
The closure of 22 Lloyds and 18 Halifax branches has been announced today by Lloyds Banking Group with the closures scheduled between April 2023 and June 2023.
No colleague will be placed at risk of redundancy, a position which Accord fully supports.
There is a job for every impacted colleague whether that’s in a branch or another part of the Group.
But every branch that closes, however small, has an impact on our members and the bank’s customers.
For our members, there’s the possibility of disruption to working hours, location, and work-life balance as well as possible increased commute costs and time spent travelling.
We’ve worked hard to ensure that no colleague will be out of pocket by securing a commitment from LBG to finance any reasonable additional travel costs associated with changing to a different base branch for up to two years.
Previously colleagues were excluded from financial assistance if the move was less than an additional 10 miles one way. This restriction was removed for any Community Bank announcements made from 1 January 2022 to 31 March 2023 and reasonable financial assistance will be paid as a travel cost allowance for a period of up to two years to members impacted by these closures.
Any Accord member who faces working hours/pattern changes or impacts to work/life balance that they can’t work through locally will have our full support to find a mutually acceptable and fair solution.
For customers, there is of course the inconvenience of changing to the nearest Post Office / branch and the loss of trusted relationships with LBG staff formed over many years.
We’ll be contacting our members who are impacted by the closures to offer support and guidance.
Any more general enquiries should be referred to [email protected]