Bank angers unions
HSBC axes branches and jobs to cut costs
It has angered trade unions by announcing that 200 jobs in IT will be transferred to lower-salaried locations such as India, China and Poland.
Dominic Hook, a national officer at the Unite union, said: “Today is a dark day for hundreds of HSBC staff.
“Unite is deeply concerned that this large branch closure programme will be devastating not only for staff but also for the loyal HSBC customers.”
The bank said the number of customers using branches for transactions has fallen by about 40% over the last five years.
HSBC will have 625 branches across Britain at the end of this year, against 965 at the end of 2016.