HSBC has said that around 100 staff could leave the bank as a result of plans to axe 114 UK branches from April next year.
The bank said it has seen a substantial decline in customers coming into its branches over the last five years, but especially since the pandemic. Some of the branches closing are currently serving fewer that 250 customers a week.
HSBC stressed that it hopes to redeploy all its employees at affected locations to other roles within HSBC, either to other branches or to a different position.
