“THE HSBC bank is to close its Southend headquarters, with the loss of more than 750 jobs.” <\/p><\/blockquote>\n
“Another 1,700 jobs are to go at HSBC, bringing the total losses this year to 3,400.<\/p>\n
HSBC said the cuts were the result of a restructuring of its branch network management, and the merging of several debt collection and debit and credit card operations.<\/p>\n
Unite, the UK’s largest trade union, reacted with fury to the announcement, attacking the plans as a “fundamental mistake”.<\/p>\n
Southend, where 600 jobs will go, is the worst affected site. In Southampton just over 200 staff will lose their jobs, with another 110 jobs going in Sheffield, nearly 100 in Manchester and 30 in Leicester…. \n<\/p>\n
…Rob MacGregor, national officer at Unite, said: “Unite is appalled that HSBC is choosing to cut a further 1,700 staff from across the UK. HSBC needs to urgently reconsider its strategy. At a time of strong market performance by HSBC, they should not be cutting their most crucial asset, the staff that have contributed to ?3bn half-year profits and delivered market strength in a challenging financial climate.<\/p>\n
“Unite views the loss of 1,700 staff as a fundamental mistake. The union does not believe this will do anything to improve the company’s future performance. HSBC should think again before cutting its skilled and dedicated workers.”….. \n \nUnite continues to argue that the case for closure of the HSBC Southend office has not been proven.<\/p>\n
Many of those who had been told that they would lose their jobs were low-paid workers, earning as little as ?14,000 a year, the union said.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
Grim news today locally about jobs. The Echo reports: “THE HSBC bank is to close its Southend headquarters, with the loss of more than 750 jobs.” The Guardian has a figure of 600 for Southend: “Another 1,700 jobs are to go at HSBC, bringing the total losses this year to 3,400. HSBC said the cuts […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[79,12],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n
Grim Job News From HSBC - onlineFOCUS<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n