By Iain Withers and Lawrence White
LONDON, Jan 20 (Reuters) - HSBC plans to cut up to
340 manager jobs as part of a shake-up of its branch network in
Britain, a source familiar with the matter told Reuters.
The bank announced on Tuesday it was axing 82 branches
across the country and would cut services in others, including
stripping out some counter services.
HSBC, which is part-way through a massive overhaul to slash
costs and improve shareholder returns, said at the time it would
aim to redeploy staff affected.
However, the source said the closures would result in up to
340 manager roles in branches being cut, with hundreds more
junior staff not included in the numbers of layoffs asked to
relocate instead.
These redundancies are in addition to 100 senior UK retail
roles axed in November.
HSBC declined to comment.
(Reporting by Iain Withers and Lawrence White, editing by
Sinead Cruise)