Dunmow HSBC to close and Post Office could follow

PUBLISHED: 17:13 29 July 2016 | UPDATED: 17:28 29 July 2016

HSBC in Dunmow, which was subject to an armed robbery last month, is set to close, the bank has announced

HSBC in Dunmow, which was subject to an armed robbery last month, is set to close, the bank has announced

Archant

A Dunmow High Street bank is set to close later this year and the town’s Post Office could also shut under new plans.

HSBC has confirmed it will close its doors on October 21 but it is unclear how many jobs will be affected as staff may be “redeployed to other branches” according to the bank.

An HSBC spokeswoman said: “We continually review our branch network to make sure our branches are in the right locations for our customers and we have a sustainable network for the future.

“Over the past five years, we have seen an overall reduction of footfall at our branches of more than 40 per cent and sometimes we have to make the difficult decision to close branches.

“These are not decisions we take lightly and we work closely with those impacted, including customers, to help them understand their options.

“We understand branch closures may cause concern for some of our customers, therefore we have put in place a number of measures to help, including a partnership with the Post Office, so our customers can still carry out their day-to-day banking locally.”

The bank was subject to an armed robbery last month, in which an assailant made away with a cash box, and police have yet to make any arrests relating to the incident.

Meanwhile, the future of Dunmow’s Post Office, also in the High Street, is under review after plans were released regarding the future of 80 Crown post offices in the country.

Dunmow is among those that may be closed or privatised and the company says it is currently advertising for a retail partner.

A spokeswoman said: “There is no detailed proposal for this Post Office branch yet.

“We are advertising for potential interest from businesses regarding franchising or operating Post Office services for us in the future. Once we have a detailed proposal, there would be a six week public consultation before any final decision is made.

“Dunmow is one of around 75 Post Office branches around the country that we are potentially changing the way in which we operate. The majority of our 11,600 Post Office branches are already run on a franchised or agency basis (i.e. located within a store), but we have some directly-managed Crown Post Office branches that will struggle in the future if we do not take action.

“This is because of factors for ‘stand alone’ Post Office branches such as property costs and the way in which customers now want to do business with the Post Office.

“Customers want longer opening hours and more convenience, such as internet services, so we are adapting in order to protect our services. We know that physical Post Offices branches are important to people so we are committed to keeping our network at around the same size.

“Our plans are essentially all about ensuring that we stay on high streets and in city centres in the years to come and working with retailers means that we can do so.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Dunmow Broadcast visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Dunmow Broadcast staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Dunmow Broadcast account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More news stories

Yesterday, 09:24

Highways England has released a schedule of roadworks set to take over the coming week across Cambridgeshire and the East of England.

Fri, 15:27

A Cambridgeshire man who committed a series of sexual offences against children across Essex, including in Saffron Walden has been sentenced to 17 years in prison today (August 17).

Fri, 11:47

A keen fisherman and Flitch Green father has had approximately £4000 worth of fishing equipment stolen.

Fri, 08:55

It may be the school holidays but Dunmow Primary has just heard that the school has been awarded the gold standard in the School Games Award.

Digital Edition

Image
Read the Dunmow Broadcast e-edition E-edition

Most read stories

Newsletter Sign Up

Dunmow Broadcast weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy