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No redundancies as Netherfield and Mapperley TSB branches survive closure scare

Banking giant TSB has announced it will not close branches in Mapperley and Netherfield as part of a nationwide cost-cutting drive.

The bank today (November 28) published a list of 86 branches set to close in 2020 as part of a cost-saving programme.

The move will see up to 400 jobs being lost over the course of next year, although TSB said a lot of people will be offered opportunities elsewhere.

TSB branches at Netherfield and Mapperley were spared the axe will now remain open.

The Cavendish Road TSB branch in Leicester was the only one to feature on closure list that is based in the East Midlands; it is now scheduled to shut down next May.

TSB today announced they will close 86 branches across the country

The bank’s new chief executive, Debbie Crosbie, is seeking to slash costs and move on from the computer meltdown that recently dented TSB’s reputation with customers.

The bank has said it is hoping to save £100m by 2022 from the cuts — reducing its high-street branch network to 454.

Crosbie also refused to rule out the prospect of further branch closures or job cuts over that period and said the future of those branches would be under continual review. “I’m not ruling anything in and I’m not ruling anything out,” she said.

Linda Watson, who lives in Netherfield, said she was relieved her local branch on Victoria Road was staying open.

She said: “I don’t get on with internet banking and don’t trust it. I like to visit my branch and talk to someone face to face. If the Netherfield one had gone it would mean going to Mapperley or the city and that would make things really difficult.

“They need to realise not everyone wants to bank on a phone or computer, they like dealing with human beings. I’m glad it’s been saved.”

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