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Article: Halifax to close 53 estate agents branches
- Article from:
- Belfast Telegraph
- Article date:
- August 22, 2008
CopyrightCopyright 2008 Belfast Telegraph. Provided by ProQuest LLC. (Hide copyright information)
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HALIFAX today announced plans to close 53 of its estate agents
branches across the UK as a result of the housing market downturn.
The closures will lead to up to 100 job cuts, although the group
said the majority of staff employed in the affected branches would
be transferred to similar roles in its banks.
It said the move followed a need to reshape the business in the
current market conditions, following a significant decline in
housing transactions in recent months.
The group declined to give the location of the affected branches
as it is still in the process of contacting staff.
But it said following the changes Halifax Estate Agents would
concentrate on its core markets in the Midlands ...