business / economy
4 hours ago

Bank of Queensland to Close 14 Branches Amid Digital Shift Backlash

Bank of Queensland to Close 14 Branches Amid Digital Shift Backlash
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7 Highlights
  • BOQ plans to close 14 branches in Australia from Feb 19-27, 2025.
  • Closures aim to streamline operations amidst rising digital banking.
  • Affected regions: 1 WA, 3 NSW, 4 VIC, 6 QLD branches.
  • Most staff to be reassigned, reducing job losses.
  • Finance Sector Union calls closures a rural community betrayal.
  • Union urges government to protect rural banking services.
  • BOQ closures spark outrage over reliance on local services.
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