Twelve hundred UK HSBC jobs at stake


Europe’s biggest bank, HSBC, has said up to 1,200 of its staff in the UK could face redundancy. An operation centre in Leamington Spa, near Warwick, will lose 280 positions; a call centre in Newport, Wales, will be shut down; and about 150 jobs will be lost in London.

Unlike other UK banks, HSBC has not received any support from taxpayers. But last week shareholders approved a £12.5bn share sale – the biggest in UK corporate history. Financial firms have been cutting workers and trying to raise money as they struggle to cope with the worst crisis since the Great Depression in the 1930s.

Banking Job cuts

“Unite can see no justification for the efficient and dedicated staff in the UK to lose their jobs and all basic and standard current accounts to be serviced from India,” said Derek Simpson, the joint general secretary of the Unite union.
“This is a kick in the teeth of the bank’s employees.”

Unite argues that the total number of job losses will be 2,900 as roles are left unfilled when employees are moved into different areas, retire or resign.Mr Pie said those additional job losses through attrition had been discussed with the union, but no number had been decided by the bank.
HSBC has a total staff of about 330,000, with 58,000 of those employed in the UK.
Shares in London fell 2.7% to 380.75 pence.

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One Response to “Twelve hundred UK HSBC jobs at stake”

  1. White Knight says:

    Europe’s biggest bank, HSBC, has said up to 1,200 of its staff in the UK could face redundancy. An operation centre in Leamington Spa, near Warwick, will lose 280 positions; a call centre in Newport, Wales, will be shut down; and about 150 jobs will be lost in London. Now is the time for those whistle-blowers to get your own back. Unlike other UK banks, HSBC has not received any direct support from taxpayers. Do you think that It doesn’t need, as it is so skilled at scamming customers earned them £billions?

    Has anyone ever asked why HSBC fail (and refuse) to disclose on your bank statement the cost to HSBC of overseas currency transactions They have a COST that they add their percentage. SO why not tell you what the COST is? Maybe someone might check their math.

    HSBC cleverly only show the RESULT after HSBC have “manipulated” the exchange rate adding what ever percentage they feel like The customer can NEVER check if you are being ripped off?. anything from 2.7% to 10% and you will never know the truthful percentage that HSBC do load to each transaction

    I actually asked the question and have been made to run the HSBC gauntlet for 17 months. Still HSBC will not tell me the net cost to them charged by the overseas operator
    Why is that? I hear you ask. I will tell you if you promise not to tell anyone else Most HSBC customers either don’t care or are blissfully ignorant what HSBC are charging you. “Customers sent from heaven” for anyone who wants to rip them off or just honest folk who would never believe that Europe’s largest bank would deliberately rip you off.

    For the don’t care and the blissfully ignorant Quick draw your cash out and dash down to Arthur Daley’s second-hand car lot he looking for mug punters.

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