05 May 2015

HSBC to shed hundreds of UK jobs

06 December 2011  |  7630 views  |  0 HSBC web screen shot

HSBC is to axe hundreds of UK jobs, including 58 from its technology services division.

The bank said the job losses were a response to a "challenging" economic environment.

Up to 232 jobs will be culled in the commercial bank, as HSBC consolidates its regional structure from nine to six regions, with a further 20 jobs being axed in Northern Ireland. The Technology Services division will also lose 58 full-time roles, principally from support functions such as post, scanning and human resources. The remaining cuts will affect head office and European IT roles based in the UK.

Labour union Unite claims the bank plans to shed 551 jobs in total, representing upwards of a third of business banking managers and staff dealing with medium scale companies.

David Fleming, Unite national officer, says: "On the day when HSBC has been fined £10.5m for giving inappropriate advice to elderly customers, it is bizarre that it would choose to make staffing cuts. Instead the bank should be working to improve the quality of its service."
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

29 November, 2011
04 November, 2011
01 August, 2011
30 June, 2011
13 June, 2011
09 June, 2011
11 May, 2011
14 April, 2011
18 March, 2011
21 January, 2011
13 October, 2010

Related company news

 

Top topics

Most viewed Most shared
Visa Europe opens innovation hub
8554 views comments | 35 tweets | 20 linkedin
Deutsche Bank to allocate EUR1 billion to...
5599 views comments | 43 tweets | 19 linkedin
MasterCard to buy analytics house APT for...
5369 views comments | 16 tweets | 5 linkedin
Barclays launches £100 million fund f...
5300 views comments | 18 tweets | 10 linkedin
Malawi takes steps to create a digital pay...
4447 views comments | 17 tweets | 10 linkedin

Featured job

Competitive
New York City, NY, USA

Find your next job