Westpac won't rule out branch closures after union claims 48 will go

Westpac won't rule out branch closures after union claims 48 will go

Westpac Group has refused to verify stories it's closing scores of branches in Australia, saying it's session with its employees about potential modifications.

The Monetary Providers Union claimed right now that the bank will close 48 branches round Australia and merge others in cuts to its nationwide department community.

The union stated the closures contain branches underneath the Westpac, St George, Financial institution SA and Financial institution of Melbourne franchises.

Westpac stated it's in session with employees about potential mergers of financial institution branches in metropolitan areas. (AAP )

"The closures have an effect on the roles and livelihoods of 165 employees," the union stated in a press release at this time.

"Employees on the affected branches have been notified. A strategy of redeployment has been proposed by the financial institution.

"Nevertheless, redundancies are additionally probably in lots of places."

A spokesman for Westpac advised 9.com.au it was reviewing financial institution branches in metropolitan areas.

"We're presently in session with our individuals relating to branches in metro areas with low utilisation, the place there's a close by department inside 5km and the place clients are preferring the comfort and elevated security of contactless, cashless and digital channels."

Westpac stated there was an enormous shift in banking in the direction of digital and cashless operations. (AAP)

The spokesman stated there had been a "seismic shift" in banking in the direction of digital and cashless banking, whereas financial institution branches had skilled declining clients.

As a part of an overhaul of its customer support operations, Westpac stated it's creating 300 new jobs at its Victoria name centre.

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