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Union shock as Airdrie Savings Bank to close

Union shock as Airdrie Savings Bank to close

19 January 2017

Unite the union has reacted with shock and bitter disappointment over the planned closure of the Airdrie Savings Bank. 

The union represents around 70 staff at the bank, across its Head Office and branches in Airdrie, Bellshill and Coatbridge. ASB is the last independent savings bank left in Britain.

Unite regional officer Wendy Dunsmore said: “This announcement is a bitter disappointment and will come as a shock to many. Unite will be doing everything we can to support our Airdrie Savings Bank members during this incredibly sad and difficult time, and to make sure their employment rights are protected. 

“Our understanding is that the bank has had to meet extra costs due to increased regulation following the financial crash of 2008. So Airdrie Savings Bank has become yet another innocent victim of casino bankers. 

“Even at this late stage, we would urge the Scottish and UK Governments and the banking regulators to work with us to explore all options for saving jobs.

“One of Unite’s first steps will be to talk to the Scottish Government’s Financial Services Taskforce which was set up during the banking crash to help redundant workers back into employment.”

Unite said the closure of Airdrie Savings Bank is part of a wider crisis in the banking sector in Scotland. 

Unite Scottish secretary Pat Rafferty said: “Since 2008, Scotland has lost 19,000 jobs in finance and insurance. That is a catastrophe. The Scottish and UK Governments need to help us support employment in the banking sector, and urgently look at ways to make sure that communities across Scotland have access to local banking.”

ENDS

Notes to editors 

For further information or to arrange an interview contact Unite Scotland press officer David Eyre on 07960 451631 / david.eyre@unitetheunion.org

In Scotland, 105,300 people were employed in Finance and Insurance in 2008. In 2015, the number was 86,200, a fall of 19,100. Figures are taken from the Office of National Statistics Business Register and Employment Survey.