The Co-op Bank has announced today that it plans to cut 350 jobs and close 18 branches nationwide as a result of the coronavirus (COVID-19) pandemic.
The lender said the job cuts would focus on middle management positions and roles at the Manchester city centre head office.
The branch closures are expected to be completed by 1st December and come after an analysis of footfall in each store, which was actually said to have begun before lockdown was put in place. The bank has said it hopes to re-deploy some of its employees into other parts of the business and it begins consulting with staff and unions.
It has been confirmed that the Ashton-under-Lyne branch is the only branch in the Greater Manchester region that is set to close.
DCPFGY / The Co-op Bank
Andrew Bester – Chief Executive at Co-op Bank – said: “Our people have shown great dedication and commitment to our customers over the past few months, so we are very sorry to announce this news today. Unfortunately, we’re not immune to the impact of recent events, with the historically low base rate affecting the income of all banks and a period of prolonged economic uncertainty ahead, which means it’s important we reduce costs and have the right-sized operating model in place for the future.
“At the same time, we are responding to the continuing shift of more and more customers choosing to bank online, with lower levels of transactions in branches, a trend which has been increasing for some time, across the banking sector and more broadly.”
The company added that is is “writing to affected customers to provide information about the alternative options available to them, including Post Office counter services, telephone, online and mobile banking”.
This is a breaking news story – More to follow.
Business
New ‘postboxes of the future’ are being rolled out across the UK
Danny Jones
The Royal Mail is starting to roll out its line of so-called “postboxes of the future” across the UK this year, including right here in Greater Manchester.
It has been dubbed the most important and noticeable transformation to the classic British postbox in its entire 175-year history.
The national postal service teased the modern-day upgrade earlier this year, but the revolutionary new upgrade was officially announced this week, with Royal Mail ushering in a new era of digitally-driven units that should make many lives a lot easier – at least in theory.
Although they might look pretty identical to the iconic red boxes since before the turn of the 19th century have used up and down the country, there are marked differences between the new and the old ones.
Credit: Royal Mail
The biggest change made to the Royal Mail’s soon-to-be standard design is a digitally activated drop-down drawer, which will be able to fit parcels as big as a shoebox, hopefully saving us Brits on a fair few trips to the post office.
You will be able to scan a barcode via the updated Royal Mail app to activate the drawer for larger items; meanwhile, there will be a separate slot for letters and smaller packages.
Additionally, the new range of high-tech postboxes will also be solar-powered, helping the public limited company chase its ‘green’ targets.
Now owned by parent firm International Distribution Services (IDS) – who also oversee Parcelforce Worldwide – following the UK government’s approval of its historic sale to Czech billionaire Daniel Křetínský at the end of 2024, the group as a whole is undergoing a significant overhaul.
Britain’s new solar postboxes were first trialled back in April in four towns located throughout the Hertfordshire region: Letchworth Garden City, Ware and Hertford. A fifth was later installed in Fowlmere, Cambridgeshire, too.
Despite being quickly considered a success on the whole, the initial design featured an entirely black top, with polls of civilians and Royal Mail themselves agreeing that keeping them red all over was more in keeping with the brand.
It’s like the old school phone box, isn’t it? We can’t picture it any other way.
📮Attention Postbox Lovers 📮
Royal Mail is upgrading postboxes to accept parcels. They'll gaining a new slot and a solar panel on top
Speaking in a statement, the Royal Mail‘s managing director of ‘out-of-home and commercial excellence’, Jack Clarkson, said: “We are all sending and returning more parcels than ever before.
“This trend will only continue as online shopping shows no signs of slowing, particularly with the boom of second-hand marketplaces. There are 115,000 postboxes in the UK located within half a mile of 98% of addresses, making them by far the most convenient network of parcel drop-off points in the UK.
“Our message is clear – if you have a Royal Mail label on your parcel, and it fits, put it in a postbox and we’ll do the rest.”
The new generation postboxes are now being made permanent in the same locations, with Edinburgh, Nottingham, Sheffield and Manchester next.
Keep your eyes peeled on the streets as they’ll soon be making a debut in your area.
12 exciting new openings you NEED to know about at Cheshire Oaks over this past year
Emily Sergeant
Cheshire Oaks is already the UK’s largest designer outlet, but it’s been getting even bigger and better this past year.
Since originally opening back in 1995, the iconic shopping destination has gone from strength to strength over the past 30 years, having been extended on a number occasions to now boast more than 400,000 sq ft of retail space.
With over 4,000 employees and more than 21 million items sold annually across 140 stores and 19 food outlets, it’s safe to say Cheshire Oaks stands as the go-to destination in North West – and if it wasn’t already a shopper’s paradise enough as it is, 12 businesses have either opened their doors or had a refurb at the Designer Outlet within this past year.
If you were thinking of planning a trip to Cheshire Oaks, then now couldn’t be a more ideal time, so let us bring you up to speed on everything you may have missed.
We popped over recently to check out all the new openings.
Nike
There’s not much we need to say about Nike, really.
It’s already a world-famous sportswear brand, and has been a popular presence at Cheshire Oaks for a good number of years now, but late last year in October, the store had itself a show-stopping upsized refit, and is now the largest Nike outlet in the UK, so it’s well worth a visit.
PANGAIA
This is an exciting one, as this is the only Pangaia outlet store in the UK.
Opening its doors at Cheshire Oaks in early November last year, PANGAIA is an ethical clothing and lifestyle brand that designs products for ‘living in’, and prides itself of producing products with smart technology and using as many sustainable materials as possible.
Lindt
Lindt was already a go-to destination for chocolate lovers at Cheshire Oaks, but last summer, it moved to a bigger – and many would say, better – new location at the outlet, and has been satisfying the sweet tooth of thousands of shoppers this year.
The new location has an ice cream window, and was even one of the first few stores to get the limited-edition Dubai Pistachio Chocolate when it first released.
Nike, Joe & The Juice, and Lindt are three of the brands to open new or bigger stores at Cheshire Oaks / Credit: The Manc Group
Joe & the Juice
You may remember that Joe & The Juice opened its doors in Manchester city centre early this year, and it was a huge deal, with juice and Tunacado-loving fans lining the streets to become one of the first to step inside – but before that, the viral brand actually arrived at Cheshire Oaks fist.
Joe & The Juice opened at Cheshire Oaks last August, making it the brand’s first outlet location at the time, and it’s the perfect place to stop off for a bite to eat.
Gail’s
Another viral brand to open its first-ever outlet location at Cheshire Oaks last year was Gail’s Bakery, bringing its artisan bakes into the heart of the shopping experience and providing customers with a comforting place to refuel.
The opening of Gail’s at Cheshire Oaks last October was one of a number of other North West openings, including several in Greater Manchester and Cheshire.
Crocs
Arguably no brand has had a bigger resurgence these past couple of years than Crocs, which is why it was such a big deal that the first dedicated Crocs store to open in the UK since its return to the country was at Cheshire Oaks last summer.
Opening its doors in June 2024, Cheshire Oaks’ Crocs store is the perfect place to hit up if you’re looking for a pair of your own.
Viral bakery chain Gail’s, and English luxury clothing brand Sunspel have also opened doors / Credit: The Manc Group
Barbour
Barbour is a family-owned British heritage brand that was established in the North East of England all the way back in 1894, and since then, has gone on to become a beloved part of the country’s fashion landscape.
So it was only right that Barbour got to move into an even bigger and better store at Cheshire Oaks last summer.
Abercrombie & Fitch
We may have already talked about one brand’s big resurgence, but Abercrombie & Fitch is another global label that’s also been enjoying renewed popularity in recent years – so it only made sense that it would open an outlet location at Cheshire Oaks.
The American fashion brand known for its trendy, collegiate-inspired casualwear and accessories opened last November.
Sunspel
Founded in Nottingham back in 1860, Sunspel is an English luxury clothing brand that’s best known for boxer shorts, t-shirts, and polo shirts, and it opened its first and only outlet location over at Cheshire Oaks last August.
You can also shop inside new Abercrombie & Fitch, ESPA, and Crocs stores / Credit: The Manc Group
ESPA
A staple in spas nationwide, ESPA is a well-loved luxury skincare brand producing products that go beyond the everyday skincare regimen to nourish and nurture your skin – but up until April of this year, you could only ever find the products online or in spas themselves.
That was until ESPA opened its first-ever – and to this day, only – physical store at Cheshire Oaks, and it’s so stunning inside.
Kids Around
Cheshire Oaks isn’t just a Designer Outlet for grown-ups, its a kids’ shopping paradise too.
That’s why Kids Around opened its doors last June with a ‘unique experience’ bringing together the most beautiful high-end children’s fashion collections – with brands such as Givenchy, Marc Jacobs, Kenzo Kids, Hugo Boss, and Chloé to choose from.
Chit ‘n’ Chaat
Chit ‘n’ Chaat is an absolute Manchester institution at this point – no arguments there.
The beloved Indian street food restaurant is Manchester born and bred, and already has a number of popular locations in places like Cheadle, Rusholme, Deansgate Square, and most-recently the Trafford Centre, but in case you didn’t know, it also opened a new site at Cheshire Oaks earlier this year in April too.
So if you’re looking for a place to stuff your face before shopping till you drop, then stop off here for a proper Indian feast.
The Manc -
25th August 2020 
