It is still unclear how many jobs will be lost as a result of the branch closures. It is even possible that no jobs will be lost and that employees at the branches that are to close will be simply transferred to another branch or retrained.
For example, counter staff could be retrained to become insurance advisors.
The branch closures are separate from the bank’s on-going programme of reducing its workforce by a couple of hundred each year. This is achieved by natural wastage.
The bank will give details of how many (if any) jobs will be lost as a result of the branch closures at the end of March 2013.