Virgin Money has confirmed it is to shut almost a third of its bank branches
, with 255 workers facing potential redundancy. The high street banking business said it will shut 39 local banks due to changing customer demand, which has seen fewer people go into banks in favour of online services.
The sites affected have seen the number of customer transactions fall by an average of 43% since the pandemic hit in March 2020. No branches in Nottinghamshire are affected at this stage, with the nearest impacted being over the border in Derby.Sarah Wilkinson, chief operating officer at Virgin Money , said: “The decision to close a store is never taken lightly.
“For our colleagues, we will pursue all options to retain as many as possible within alternative roles, and have had great success previously with store colleagues moving to other customer operations roles, as their skills are highly transferable.” The bank said it will write to customers affected and display posters about the move at least 12 weeks before branches are shut.Unite general secretary Sharon Graham said: “This announcement of the closure of 39 vital bank branches has sent shockwaves across the Virgin Money UK workforce.
“While the financial services sector is acquiring eye-watering profits, they must start taking their responsibilities to customers and communities more seriously.“Simply walking away from the consumers who bring the banks astronomical profits is a complete disgrace.”– Bournemouth– Croydon– Gosforth Centre– Kingston– Southampton
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