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Tag-Archive for » layoffs «

UBS is not keen on HSBC’s Household International business in the United States. Now called HSBC Finance, USB predicts more losses. HSBC Finance is laying off workers and firing others. UBS reduced its target by eight percent and kept a neutral rating, partly on concerns about HSBC’s American business Household. It said:

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Submitted and posted: “I find it to be absolutely absurd to be working for such a company. I have seen this company over the past 5 years hire people into BSM positions who are inadequate and not trained correctly, rushing top performers into positions they have no business belonging in. I have also seen BSM’s getting removed or fired within the past 2 years who have been hard-working, honest, loyal individuals but got no respect from the people in the ivory tower.

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RE: HSBC employees and HFC Beneficial :: Apparently word through the grapevine (aka A VERY credible source) in Kentucky is there will be at least 1-2 offices in each district (Kentucky East and Kentucky West) closing by the end of November. This information is inadvertedly confirmed through the due dates of the Performance Management Reports (for employees) are being moved to be completed in early November, rather than their normal due dates of the end of December.

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