Scotiabank says it has started discussions with the union representing its employees about potential job losses with the impending closure of two of its branches next year.

In a statement Tuesday evening, the bank said it will be closing the Black River branch in February 2021 and the Old Harbour location in April 2021.

At the same time, Scotiabank said by January 2021, six other branches will be converted to a digital operating model.

The operations at the Black River branch will be consolidated into the Santa Cruz location in St Elizabeth, while the Old Habour operations will be shifted to May Pen in Clarendon.

According to Scotiabank, these impending changes are to better to align the bank with current revenues as well as the shift in customer preferences especially since the onset of COVID-19.



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