HSBC jobs at risk at as seven Yorkshire branches set to close

HSBC has announced plans to close 62 branches across the UK in 2017, resulting in 180 redundencies.

The bank has already earmarked 55 branches for closure, and with the additional 62, HSBC will only be operating out of 625 branches by the end of the year.

Seven of the branches expected to close are based in Yorkshire. They are:

• Easingwold
• Hemsworth
• Kirkbymoorside
• Leyburn
• Stokesley
• Thorne
• Wath upon Dearne

Francesca McDonagh, HSBC head of retail banking and wealth management for UK and Europe, said: “Fewer people are using branches. More than 90% of our interactions with customers are now through our digital channels - an increase from 80% last year,” said Francesca McDonagh, HSBC’s head of retail banking.

“The decision to close these branches ensures a more sustainable branch network for the future as we continue to invest in our digital platforms and our people.

“We will have fewer but better branches, with more empowered front-line colleagues using a greater range of technology to support all our customers’ needs.”

The banking giant has guaranteed that these are the only closures planned for 2017.

Antonio Simoes, chief executive of HSBC Bank, added: “This marks the end of our branch restructuring programme.

“We now feel we have the right branch network that complements the other ways in which customers now choose to interact with us.”

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