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You're browsing: HSBC News » Jobs and Layoffs » Article Title: HSBC to lay off 500 in Britain

This time the report is from the UK. HSBC is to eliminate about 500 jobs in Britain, including positions at its head office in London, two people familiar with the plan said. The reductions include clerical and computer-services jobs, said one of the people who declined to be identified. An announcement may come as early as next week, said two of the people. HSBC employs about 60,000 people in the U.K. and 335,000 worldwide.

Bloomberg reports:

“We would never comment on any matter involving our staff without talking to our staff first,” said a spokesman for the bank. “The U.K. is a successful business. The environment in which we operate changes constantly and HSBC changes to match our customers.”

When it comes to “…without talking to our staff first” that only applies to the UK apparently. Many US employees are still in the dark as cutbacks continue.

Related posts:

  1. HSBC stops structured financing for hedge fund investors
  2. Beneficial and HFC closing branches in Britain
  3. HSBC’s Tim Pie, union at odds over job numbers
  4. Union says HSBC not truthful about layoffs
  5. HSBC may cut about 1,000 jobs in the U.K

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