Virgin Money UK shuts 39 stores over fall in customer demand
12:14 pm Thursday, July 20th, 2023
(Reuters) – British lender Virgin Money UK said on Thursday it will close 39 stores as the company continues to see a drop in footfall and transaction volumes.
“Access to a bank and cash is a fundamental need for all our local high streets,” UK’s labour union Unite said in a separate statement about the store closures.
Virgin Money UK said that some workers will be at risk of redundancy following the store closures.
(Reporting by Sinchita Mitra in Bengaluru; Editing by Shounak Dasgupta)
