Royal Bank Of Scotland Branch Closures Result In 792 Job Losses

Woking, Surrey branch to close

Bank highlights growth in online transactions as it shutters stores on high street.

Royal Bank of Scotland is to close 162 branches in England and Wales, resulting in 792 job losses.

The bank, which is still 72% owned by the taxpayer, said the closures were due to the branches previously being earmarked for conversion to the failed brand Williams & Glyn.

In a statement, RBS said: “Following a review of the branch network in England and Wales a decision has been taken to close 162 Royal Bank of Scotland branches.

“As a result of this process, around 792 roles will be made redundant, and we will seek to support our colleagues with the option to leave on a voluntary basis.”

HuffPost UK understands many of the affected branches are in the north-west of England.

Last year, RBS avoided the compulsory sale of Williams & Glyn, which had been ordered by regulators as part of the bank’s obligations under state aid rules following its £45bn government bailout at the height of the financial crisis.

A total of 109 branches will close in late July and August 2018. These branches are within 0.6 miles of another Royal Bank of Scotland or NatWest branch, the group said.

A further 53 branches will close in November 2018, all of which are between 0.6 and 2.5 miles of another Royal Bank of Scotland or NatWest branch.

Rob MacGregor, of trade union Unite, said: “Today nearly 1,000 employees have finally been told of their dark futures because the bank has been calamitously managed for too long. Ending years of speculation, Royal Bank of Scotland has effectively turned its back on the Williams and Glyn customers and staff.”

An RBS spokesman said: “We are no longer launching Williams & Glyn as a challenger bank, and we now have two branch networks operating in close proximity to each other; NatWest and Royal Bank of Scotland, in England and Wales.

“As a result we have had to review our overall branch footprint in England and Wales and we’ve made the difficult decision to close a number of Royal Bank of Scotland branches. Customers of Royal Bank of Scotland in England and Wales will be able to use NatWest branches instead for their everyday banking needs.

“We now provide our customers with more ways to bank with us than ever before – customers can choose from a range of digital, face-to-face and local options to suit their needs.”

RBS also pointed out that since 2014, branch transactions across its English and Welsh operations are down 30%, while there has been a 53% increase in the number of customers using mobile banking, and mobile transactions have increased by 74%.

RBS declined to confirm the specific branches affected but said confirmation would come in due course.

However a list seen by HuffPost UK suggests the following locations will close:

Harrogate
Horwich
Bury
Hereford
Scunthorpe
Shrewsbury
St. Annes On Sea
Chorley
Cleveleys
Luton
Maidstone
Manchester Chorlton-Cum-Hardy
Manchester Urmston
Uttoxeter
Stockport Great Underbank
Bakewell
Farnworth
London Camden Town
Uxbridge
Wrexham
Barry
Durham
Halifax
Long Eaton
Loughborough
Oldham
Sandbach
Scarborough
Newbury
Portsmouth
Royal Leamington Spa
Barnsley
Bramhall
Carlisle Lowther Street
Dartford
Grimsby
Nantwich
Worcester
Bedford
Cheadle
Knutsford
Lincoln
Newcastle-under-Lyme
Rochdale
Sale
Salisbury
Taunton
Colwyn Bay
Ellesmere Port
Gloucester
Maidenhead
St. Albans
Stafford
Sunderland
Basingstoke
Fareham
High Wycombe
Hyde
Kidderminster
Llandudno
Rugby
Sutton
Bury St. Edmunds
Canterbury
Edgbaston
Garstang
Kendal
London Piccadilly Circus
London St. Paul’s
Nuneaton
Winchester
Blackburn
Burnley
Lancaster
Middleton
Wakefield
Wickersley
Worthing
Chichester
Hanley
Liverpool Speke & Hunts Cross
Ormskirk
Great Yarmouth
Romford
Slough
Tunbridge Wells
Woking
Accrington
Bromley
Solihull
Truro
Manchester Mosley Street
Southend-on-Sea
Warrington Office
Horsham
Rotherham
Crawley
Blackpool South Shore
Manchester Cheetham Hill
Burton Upon Trent
King’s Lynn
Newport
Ashton-under-Lyne
Barrow-in-Furness
London Ealing
Manchester Spinningfields
London Blackfriars
Manchester Whitworth Street
Walsall
Sutton Coldfield
London Bond Street
Folkestone
Ilford
London Tottenham Court Road
Heaton Chapel
London Mayfair
Leyland
London Streatham
Ashford
Middlesbrough
Liverpool Bootle
London Belgravia
Bristol Clifton
Hemel Hempstead
Mansfield
Carlisle Castle Street
Manchester West Didsbury
Liverpool Birkenhead
Telford
Poole
Hale
Cambridge Hills Road
Broomhill
Eccles
Fulwood
Oxford
London Willesden
Manchester Withington
Torquay
Bolton Chorley Old Road
Astley Bridge Bolton
Southport Birkdale
Ince
Northampton
Penwortham
Denton
Handforth
Alderley Edge
Swinton Chorley Road
Meadowhall
Manchester Longsight
Salford Shopping Centre
Cardiff Docks
Walkden
Cheadle Hulme
Blackpool Bispham
Runcorn
Wollaton
Nottingham Mapperley
Derby Allestree
Poynton
Manchester Gorton
https://www.huffingtonpost.co.uk/entry/royal-bank-of-scotland-branch-closures-list_uk_5ae85b32e4b04aa23f26dfee?utm_hp_ref=uk-business