Around 170 Halifax staff are set to lose their jobs as part of a cost-cutting exercise which was launched by parent company Lloyds Banking Group 18 months ago.
The affected employees are made up of customer managers, counter managers and business managers who operate within the bank’s branch network.
All 170 will be given the opportunity to apply for other roles within the group, according to a Halifax spokeswoman.
In June 2011, LBG chief executive Antonio Horta-Osorio announced the group would shed 15,000 roles over a three-year period in an effort to cut costs by £2.3bn. It was announced that this would involve pulling out of 15 of the 30 countries the group traded in and a drive to “revitalise” the Halifax brand.
A spokeswoman says: “All affected employees have been briefed by their line manager today. The group’s recognised unions Accord, Unite and LTU were consulted prior to this announcement and will continue to be consulted.
“The group’s policy is always to use natural turnover and to redeploy people wherever possible to retain their expertise and knowledge within the group. Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary redundancy. Compulsory redundancies will always be a last resort.”