Huge job losses feared at HSBC - Employees welcome to use this Forum.

HSBC who employs over 300 000 worldwide announced huge pending job losses. 1100 jobs would be lost worldwide - half in the United Kingdom.

Despite 1/2 year pre-tax profits of 2.1 Billion HSBC feels it necessary to cut jobs due to market conditions.

More information here.


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I just had a call from a colleague. There's more talk of redundancies today but she had nothing more to tell me.

Has anybody heard any rumours?

Thankyou

Vics

It has just been announced that the HSBC will be cutting 500 jobs across the United Kingdom.

The bank employs 58000 people in the UK and blames economic decisions for the cuts.

Unite's Derek Simpson says they will oppose compulsary redundancies.

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How do you the management at HSBC have handled this situation?
Have they treated their staff fairly? Register to discuss

Free help for HSBC employees
If you are concerned about a job at HSBC and have a question for the redundancy forum Employment Law & HR experts, ask it here.

Right. So close for to Christmas. Frankly I'm appalled. I mean how much difference will 500 jobs make to a company like ours. Was there a need for this announcement? Couldn't it have just been done over a few months with natural wastage? Now there are 10s of thousands of employees worried when there was no need.

Paul Thurstan - have a good Xmas.