Wednesday, Mar 25, 2009
HSBC's3rd Strike
The Times: HSBC to cut 1,200 British jobs and close sites
HSBC is cutting 1,200 British jobs in the bank's third attempt at slashing its costs in the continuing financial services downturn.
The redundancies, which are being announced to staff today, will affect all areas of the country, hitting staff in back office units that service HSBC's retail and small business customers.
The layoffs announced today are in addition to 500 redundancies signalled in December and indicate the continuing pain being felt in the financial sector as high street banks struggle to bring costs down to match the reduced level of business activity.
In September last year, HSBC took the axe to its global banking division with the loss 1,100 jobs worldwide, including 500 in the UK.
Posted by 51ck-6-51x @ 09:26 AM (344 views) Add Comment
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