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You're browsing: HSBC News » Jobs and Layoffs » Article Title: HSBC moves more jobs to Luxembourg
09
Apr
HSBC moves more jobs to Luxembourg
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THE loss of 52 jobs at HSBC’s securities operation is a tragedy, according to the Chamber of Commerce.

But Chamber director Barry Cash said HSBC’s decision to ‘consolidate’ non-client facing roles from the local office to Luxembourg showed that no business was immune from being forced to cut costs wherever possible.

HSBC informed staff on Monday that about half of the 100-plus jobs at the St Julian’s Avenue office would move to Luxembourg.

The news comes from Guernsey in the English Channel

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  4. HSBC to lay off 500 in Britain
  5. HSBC cutbacks and demotions in Florida

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