A report from our Live Help team shows visitors from all over the world read about the 31-year HFC employee dismissed by HSBC without retirement. ( see it here ) In fact, the report was read by HSBC in London and Hong Kong. If you recall the woman was seventeen days away from retirement after thirty-one years of service. HSBC dismissed the employee just seventeen days from her fiftieth birthday, thus she did not qualify for retirement.
Popularity: 93% [?]
24 May 2005 – HSBC bank workers are to go ahead with a 24-hour strike after talks to settle a dispute about pay broke down. The walk-out, which is scheduled for Friday, will be the first major strike at a British bank for 40 years. Union Amicus said a last-ditch meeting had failed to head off the walk-out by thousands of staff. It said 10% of staff were set to receive no pay rise this year and 45% would get less than inflation. Members had voted by 68% in favour of the walk-out in protest at the imposed pay deal which the union says would lead to a wage cut.
Popularity: 10% [?]
May 22, 2005 – HSBC has just published a global study, The Future of Retirement, which found that many people no longer viewed retirement as the end of their working lives and the beginning of a period of leisure and relaxation. Instead, most hoped to continue work in some form or other — what they wanted was to step back from the rat race.
Popularity: 13% [?]
Saturday May 21, 2005, The Guardian : For the first time in 11 years, consumers paid back more credit card debt last month than they took on. And as fears over the economy grow, the country also took on the smallest amount of mortgage borrowing for more than three years while inflows into building society savings accounts were the highest for four years. The increased saving is believed to be a response to higher interest rates and a sluggish housing market, which have made people wary about adding to the existing £1.1 trillion debt mountain.
Popularity: 11% [?]
With the union and HSBC still at odds a strike is set for the 27th of May at press time. The union says they are willing to negotiate, while HSBC thinks they are bluffing or wants to ignore the situation. Advocacy organization Household – HSBC Watch says ignoring or denying legal situations is not uncomon at HSBC. Household International denied predatory lending even as they were slapped with a US-wide $484 million predatory lending suit. Their legal department told Mr. Shea (Shea v Household) his claims were without merit, but had to settle for $11 million dollars. Denial is a common trait at HSBC’s legal departments, at least until they get caught. Household even ignored California regulatory findings for three years, until they got caught again.
Popularity: 10% [?]
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We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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