(CMR) Concerns have been raised following an announcement by Scotiabank that at least two of its locations were slated to be permanently closed, that such a move could result in job losses for several hundred employees.
However, the bank in a move to dismiss such claims stated as many employees as was possible would be retrained for new roles.
Scotiabank late Tuesday announced that it would be closing at least two of its locations citing a reduction in foot traffic among other reasons like changes in customer behaviour.
The company's Black River and Old Harbour locations are set to close permanently come early 2021 with the company noting that customers would still have access to other nearby branches.
Scotiabank further said that an additional six locations— Christiana, Falmouth, Portmore, Port Antonio, Port Maria, and St Ann’s Bay — would be making the transition to the company's digital operating model.
Former Scotia Group Jamaica President and CEO David Noel, prior to his departure, hinted that the financial institution was making the transition to include more digital banking services and solutions.
Earlier this week, the bank revealed that its Junction, St. Elizabeth branch would be converted into a cashless service centre; meaning that the bank would no longer offer any cash transactions in branch.