Westpac Group has announced that it will shut down 48 bank branches around Australia and amalgamate others in a major reduction in its national branch network.
The closures involve branches under the Westpac, St George, Bank SA and Bank of Melbourne brands.
Scroll down to see the full list of bank branches to be closed
“The closures affect the jobs and livelihoods of 165 staff,” the Finance Sector Union of Australia said in a statement on Friday.
“Staff at the affected branches have been notified. A process of redeployment has been proposed by the bank.
“However redundancies are also likely in many locations.”
FSU National Secretary Julia Angrisano on Friday called into question Westpac’s commitment to its customers.
“Westpac is deserting its customers and its staff by closing branches to shore up its profits,” Angrisano said.
“This shutdown of so many branches is of major concern to our members and will impact on a large number of staff, banking customers and businesses around Australia.”
“Westpac will claim the decision to close branches is because consumers are moving to internet banking but that’s not the case.”
“If these branches were making large profits for the bank they would not be closing.”
Angrisano said banks are using COVID to prove that branches have seen reduced traffic and are no longer required by customers.
“Older customers who use bank branch networks will be the most affected by this shutdown,” she said.
“This is an outrageous move by a bank which can expect a savage community backlash for this decision.”
“This is nothing more than a grab for profits by Westpac which will allow the bank to save on salaries and rents.”
Westpac branches
- 114 William St, Melbourne (VIC) - closing
- 242 Castlereagh St, Sydney (NSW) - closing
- Avalon Beach (NSW) - closing
- Belmont (VIC) - closing
- Dubbo (NSW) - ‘Co-locating’ to St George Bank in Dubbo
- Five Dock (NSW) - closing
- La Trobe University (VIC) - closing
- Lithgow (NSW) - ‘Co-locating’ to St George Bank in Lithgow
- Mackay North (QLD) - transitioning all activity to Mackay branch
- Monash University (VIC) - closing
- Mount Eliza (VIC) - closing
- Murray Bridge (SA) - ‘Co-locating’ to Bank of SA in Murray Bridge
- Newington (NSW) - closing
- North Melbourne (VIC) - closing
- Port Augusta (SA) - ‘Co-locating’ to Bank of SA in Port Augusta
- Seaford Central (VIC) - closing
- Surry Hills (NSW) - closing
- Tanunda (SA) - ‘Co-locating’ to Bank of SA in Tanunda
- University Hill (VIC) - closing
- Victoria Harbour (VIC) - closing
- Victoria Point (QLD) - closing
- Wanneroo (WA) - closing
- West Perth (WA) - closing
Bank of Melbourne branches
- Balwyn (VIC) - closing
- Berwick (VIC) - closing
- Brunswick Barkly Square (VIC) - closing
- Bundoora (VIC) - closing
- Burwood East (VIC) - closing
- Carnegie (VIC) - closing
- Ferntree Gully (VIC) - closing
- Forest Hill (VIC) - closing
- Hawthorn (VIC) - closing
- Ivanhoe (VIC) - closing
- Karingal Shopping Centre (VIC) - closing
- Mentone (VIC) - closing
- Mildura (VIC) - ‘Co-locating’ to Westpac Bank in Mildura
- Oakleigh (VIC) - closing
- Rowville (VIC) - closing
- Springvale (VIC) - closing
- St Kilda (VIC) - closing
- Toorak (VIC) - closing
- Warrnambool (VIC) - ‘Co-locating’ to Westpac Bank in Warrnambool
St George Bank branches
- Budgewoi (NSW) - closing
- Grafton (NSW) - ‘Co-locating’ to Westpac in Grafton
- Kippax Fair (ACT) - closing
Bank SA branches
- Churchill Centre (SA) - closing
- Magill (SA) - closing
- North Adelaide (SA) - closing
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