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Newcastle Herald
Newcastle Herald
National

HISTORICAL FACTS: Questions hang over future after merger - The Untold Story

The Newcastle Permanent building on the corner of King and Union streets. File picture

WITH the proposed amalgamation between Newcastle Permanent and Greater Bank ('Greater Perm won't do an NIB', Newcastle Herald, 23/9; Editorial 28/9), my concerns of this bureaucratic proposal are that jobs, branches and services will definitely go.

Nelson Bay CBD has already seen the closure of both these offices and I feel that half the remaining offices within NSW will close after the mandatory two-year transitional grace period (earlier it was three-year non-forced redundancies or branch closures).

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