branch closures
Coverage of branch closures in the Nexus archive.
- Brazil’s Correios Pauses Its Rescue Plan After Workers Threaten Strike
Brazil’s Correios paused its rescue plan, including branch closures and a public-service bonus removal, after unions threatened a strike. The hold on cost-cutting measures is effective until July 31, with the original plan aiming to shut down branches.
- NatWest says it will not close any more branches until at least 2029 - but not before announcing nine new closures
NatWest has announced it will not close any more branches until at least 2029 but has announced nine new branch closures. The decision to halt further closures until 2029 contrasts with the immediate announcement of nine additional closures.
- Burger chain collapses into administration after being forced to close all but three branches
A burger chain has collapsed into administration after being forced to close all but three of its branches, signaling severe financial distress. The company's inability to sustain operations beyond a handful of locations led to its administrative takeover.