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30 November 2021

TSB announce closure of 70 branches

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TSB announced the closure of a further 70 branches.

The closures will take place between April and June 2022 and will result in the loss of around 150 roles.

It is expected that most staff who are impacted will be redeployed into other branches or other roles within TSB and no redundancies are anticipated. However, there may be some risk of redundancy in a small number of management positions.

In accordance with a long-standing agreement between TSB, Accord and Unite, the staff reductions will be achieved by voluntary means as far as possible but whenever a branch closes, there’s an impact on employees and customers.

For our members, there’s the possibility of disruption to their working hours, travel arrangements, roles, career pathways and work-life balance. For customers, the inconvenience of getting used to where their nearest alternative branch or Post Office is.

Commenting, Accord’s Ged Nichols said:

“We appreciate that the demand for high street branch banking is diminishing, especially since the pandemic with customers increasingly moving to telephony and app-based banking. However, we’ll be examining and discussing TSB’s future plans to ensure that they’re properly thought through and robustly evidenced. So far, all branch closures have been managed with minimal compulsory redundancies. We’ll be working with TSB to achieve the same outcome here.”

Getting support from Accord

Any members who are impacted by today’s news who need advice or support should contact [email protected] or [email protected].

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