HSBC agrees offshore labour deal

HSBC agrees offshore labour deal

HSBC has agreed to work with labour union Unifi to minimise UK job losses as the bank prepares to shift 4000 positions to low-cost offshore centres.

The agreement promises Unifi workers two years' notice of job losses overseas and advance notice of in-company vacancies in the UK. The bank has also earmarked £4 million for spending on advice and counselling services.

HSBC had earlier announced plans to shift some 4000 UK jobs to low-cost overseas call centres in Malaysia, China and India during the next two-and-a-half years.

The agreement with Unifi follows a similar deal struck by union leaders and Barclays Bank early last month.

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