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FINANCIAL

HSBC To Close 117 Branches In Britain, Cut 380 Jobs

January 24, 2017

Safi Bello

Reuters ---- HSBC said on Tuesday it plans to close 117 branches this year and will cut 380 roles in Britain to try to reduce costs. The bank said about 180 jobs will be eliminated in the final round of branch network cuts, marking the end of its restructuring program in Britain. Separately, the bank said it would cut a further 200 jobs in information technology which are being transferred to India, China and Poland, where people can perform the same role on lower salaries. To get more information on HSBC to close 117 branches in Britain and cut 380 jobs click on the pictures below to read the articles.