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Business News

Lloyds to review closure of C&G branch network

The planned closure of the Cheltenham & Gloucester branch network, with the loss of 928 jobs, is being reviewed by its owner, Lloyds Banking Group.

The banking union Unite welcomed the news, but accused the bank of "poor management" after it announced in June that it would be closing all C&G branches.

"This news will bring some relief to the 900 staff who work in C&G branches up and down the UK," Unite said, but added: "The 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 find it wholly unacceptable that the LBG changes its mind on the future of their staff as fast as the summer weather in this country."