Santander's announcement to close 95 branches by June 2025 has raised concerns in south east London, threatening 750 jobs across its UK workforce. Notably, the Eltham branch, along with several others in London, is slated for closure. Additionally, the bank will reduce hours for 36 branches and implement counter-free models in 18 locations. Local residents, like Daisy Ayres of Orpington, have initiated petitions to advocate for the continuous opening of banks to prevent disruption of essential banking services, especially for vulnerable populations. Santander emphasizes adjusting to digital trends while retaining in-person support where necessary.
In response to changing customer needs, Santander will close 95 branches and cut jobs, investing in alternative formats like counter-free and reduced-hour services.
Santander's planned branch closures and job cuts have sparked concern among south east London residents, prompting petitions to keep banks open for vulnerable communities.
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