The Finance Sector Union has been notified by the Westpac Group that it is shutting down 48 bank branches and amalgamating others in a major reduction in its national branch network. (See list below).

The closures affect the jobs and livlihoods of 165 staff.

The closures involve branches under the Westpac, St George, Bank SA and Bank of Melbourne brands.

In FSU has been notified that in most locations where banks will close, customers will have to go to other bank branches to do their banking.

In other areas a process of ‘co-branding’ will mean one branch will close with customers urged to go to another Westpac Group bank where two bank brands will trade from the same branch.

Staff at the affected branches have been notified. A process of redeployment has been proposed by the bank. However redundancies are also likely in many locations.

FSU National Secretary Julia Angrisano said this series of branch closures by the Westpac Group was the largest ever by a major bank and called into question Westpac’s commitment to proving service to its customers.

“Westpac is deserting its customers and its staff by closing branches to shore up its profits,” Ms Angrisano said.

“This shutdown of so many branches is of major concern to our members and will impact on a large number of staff, banking customers and businesses around Australia.”

“Westpac will claim the decision to close branches is because consumers are moving to internet banking but that’s not the case.”

“If these branches were making large profits for the bank they would not be closing.”

“Every bank branch must return profits through the ‘sale’ of extra banking products such as new loans, insurance policies and new credit cards for example.”

“If they do not meet their quota of profits, the branches are shut down.”

“Older customers who use bank branch networks will be the most affected by this shutdown.”

Ms Angrisano said the banks are using Covid to claim the numbers of transactions in branches are down and they are no longer required by customers.”

“Banks were deemed to be an essential service and allowed to trade during last year’s national Covid lockdown but suddenly Westpac decides that its branch network is no longer essential.”

“This is an outrageous move by a bank which can expect a savage community backlash for this decision.”

“This is nothing more than a grab for profits by Westpac which will allow the bank to save on salaries and rents.”

FSU National Secretary Julia Angrisano is available for interview.

Media contact John Hill 0412 197 079


  Workplace affected State Cease Trade date Description
1 BOM Carnegie VIC 9/04/2021 Closure
2 WBC 242 Castlereagh St NSW 30/04/2021 Closure
3 WBC Five Dock NSW 30/04/2021 Closure
4 BSA North Adelaide SA 30/04/2021 Closure
5 BOM Berwick VIC 30/04/2021 Closure
6 BOM Bundoora VIC 30/04/2021 Closure
7 BOM Burwood East VIC 30/04/2021 Closure
8 BOM Forest Hill VIC 30/04/2021 Closure
9 BOM Rowville VIC 30/04/2021 Closure
10 WBC La Trobe University VIC 30/04/2021 Closure
11 WBC Monash University VIC 30/04/2021 Closure
12 WBC Mount Eliza VIC 30/04/2021 Closure
13 STG Budgewoi NSW 7/05/2021 Closure
14 WBC Avalon Beach NSW 7/05/2021 Closure
15 WBC Victoria Point QLD 7/05/2021 Closure
16 BSA Churchill Centre SA 7/05/2021 Closure
17 BOM Balwyn VIC 7/05/2021 Closure
18 BOM Brunswick Barkly Square VIC 7/05/2021 Closure
19 BOM Mentone VIC 7/05/2021 Closure
20 BOM Oakleigh VIC 7/05/2021 Closure
21 BOM St Kilda VIC 7/05/2021 Closure
22 WBC Belmont VIC 7/05/2021 Closure
23 WBC North Melbourne VIC 7/05/2021 Closure
24 WBC Surry Hills NSW 14/05/2021 Closure
25 BSA Magill SA 14/05/2021 Closure
26 BOM Ferntree Gully VIC 14/05/2021 Closure
27 BOM Hawthorn VIC 14/05/2021 Closure
28 BOM Ivanhoe VIC 14/05/2021 Closure
29 BOM Springvale VIC 14/05/2021 Closure
30 BOM Toorak VIC 14/05/2021 Closure
31 WBC Seaford Central VIC 14/05/2021 Closure
32 WBC University Hill VIC 14/05/2021 Closure
33 WBC Victoria Harbour VIC 14/05/2021 Closure
34 WBC West Perth WA 14/05/2021 Closure
35 WBC Mackay North QLD 21/05/2021 ‘Transitioning all activity’ to WBC Mackay
36 STG Kippax Fair ACT 21/05/2021 Closure
37 WBC Newington NSW 21/05/2021 Closure
38 BOM Karingal Shopping Centre VIC 21/05/2021 Closure
39 WBC Wanneroo WA 21/05/2021 Closure
40 WBC Port Augusta SA 09/07/2021 ‘Co-locating’ to BSA Port Augusta
41 WBC Tanunda SA 09/07/2021 ‘Co-locating’ to BSA Tanunda
42 STG Grafton NSW 09/07/2021 ‘Co-locating’ to WBC Grafton
43 WBC Lithgow NSW 09/07/2021 ‘Co-locating’ to STG Lithgow
44 WBC 114 William St VIC 31/7/2021 Closure
45 WBC Murray Bridge SA 03/09/2021 ‘Co-locating’ to BSA Murray Bridge
46 WBC Dubbo NSW 03/09/2021 ‘Co-locating’ to STG Dubbo
47 BOM Warrnambool VIC 10/09/2021 ‘Co-locating’ to WBC Warrnambool
48  BOM Mildura Vic 10/09/2021 Co locating to WBC Mildura
Authorised by Julia Angrisano, National Secretary