Household HSBC Watch

HSBC Bank Malta might be relocating a number of jobs, which had always been carried by Maltese workers since the time when the bank was state-owned, to cheaper markets such as India – where workers are paid less, maltastar.com is informed.

Investigations by the Malta Star found that HSBC UK started outsourcing particular jobs to countries where the workers are paid less to maximise the banks profits. This practice might now shift to Malta’s HSBC arm.

The HSBC jobs touted to start being carried out in India are related to accounting and payments, while security at the bank will be outsourced to a Maltese company.