Bermuda was hit by fresh jobs gloom today after HSBC Bermuda announced another round of redundancies.

A spokeswoman for the bank confirmed that jobs would go as part of a bid to streamline the operation.

She added: “To accommodate the new structure, some existing roles will be made redundant and new part-time roles will be created to provide greater coverage during peak times within our branches.”

She added that HSBC would also be creating four new positions for sales staff, who will work across the bank’s network.

The spokeswoman said: “We are continuously reviewing our business model, as are most businesses, given the challenging economic environment to ensure we maintain a sustainable business.

“Our goal is to simplify our banking structure in the branches and enhance our customer experience.

“This new retail banking structure will align roles and staffing levels appropriate to current market demand as well as market growth.”

She added: “As always, employees impacted by role redundancies are our priority focus for redeployment.

“We have had success training and redeploying staff into new roles and will continue to provide these opportunities for our staff whose roles are changing.”