HSBC to cut jobs in Southend

One of the world's largest banks, HSBC, is to cut a number of jobs in Southend as part of a cost-cutting exercise.

In total 1,700 jobs will be lost nationwide in the latest round of cuts - an unspecified number of positions will go in the town.

The union Unite said that the cuts would be centred on HSBC sites in Southend, Southampton, Leicester and Sheffield and would bring the total number of job losses at the bank to 4,600 so far this year.