Another bank to be lost from Rotherham town centre

Another bank to be lost from Rotherham town centre

By Gareth Dennison | 25/08/2020

Another bank to be lost from Rotherham town centre
The Co-operative Bank, Bridgegate

 

ROTHERHAM town centre was dealt another blow as the Co-op announced plans to shut its bank on Bridgegate.

It is one of 18 proposed for closure as part of a move to shed 350 jobs, blaming recent events and future economic uncertainty.

The bank said it had spoken to affected staff and was consulting with colleagues and trade unions.

Chief executive Andrew Bester said: “Our people have shown great dedication and commitment to our customers over the past few months, so we are very sorry to announce this news today.

“Unfortunately, we’re not immune to the impact of recent events, with the historically low base rate affecting the income of all banks and a period of prolonged economic uncertainty ahead, which means it’s important we reduce costs and have the right-sized operating model in place for the future.

“At the same time, we are responding to the continuing shift of more and more customers choosing to bank online, with lower levels of transactions in branches, a trend which has been increasing for some time, across the banking sector and more broadly.

“The bank is in a resilient position given the significant progress we’ve made in recent years, and our focus is on maintaining this as we continue to support our customers through the crisis. We will do all we can to support colleagues through the process with fairness and respect.”




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