Lloyds Banking reviews C&G closure

Wednesday, 19 August 2009 12:00

Lloyds Banking Group has made an apparent U-turn on its decision to close all Cheltenham & Gloucester branches.

The bank said the decision to scrap the Cheltenham & Gloucester (C&G) branches was under review and the planned November closures would be abandoned until a conclusion is reached.

However, the bank refused to give a reason for the review.

Unite, the union that represents staff at C&G, cautiously welcomed the decision.

Rob MacGregor, Unite national officer, said: “Unite is satisfied that the Lloyds Banking Group has finally acknowledged that the decision to close the Cheltenham & Gloucester branch network was ill considered.

“Today’s announcement comes with no warning and will make the workforce wonder whether their bosses have any long term strategy for the future of the bank.

“Unite finds it wholly unacceptable that the LBG changes its mind on the future of its staff as fast as the summer weather in this country.”

In June, Lloyds said C&G branches would close in November but the brand would survive through intermediaries, by post and over the telephone.

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