Virgin Money UK shuts 39 stores over fall in customer demand
FILE PHOTO: Signs are displayed on a Virgin Money store in London, Britain April 30, 2016. REUTERS/Neil Hall/File Photo
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(Reuters) – British lender Virgin Money (LON:VM) 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.
