Unite Reaction to 2,900 HSBC Job Losses

LONDON - Derek Simpson, Unite Joint General Secretary, said:

“To slash 2,900 jobs demonstrates the insincerity of the claim by HSBC to
be ‘the world’s local bank’. This decision will ravage a number of local
communities as sites are closed and other work is sent abroad.

“Customers of HSBC will be furious to learn that the company only
believes you deserve to have a local banking service if you are a wealthy
premier customer, this makes a mockery of their claim to be ‘the world’s
local bank’. Unite can see no justification for the efficient and dedicated
staff in the UK to lose their jobs and all basic and standard current
accounts to be serviced from India. This is a kick in the teeth for the
bank’s employees. Is HSBC suggesting that the money of ‘Joe Public’ is of
lesser value and therefore be given a remote service?

“HSBC is a profitable institution and the announcement today is simply
using the financial downturn as a pretext to make redundancies. Workers at
the bank will be alarmed at the pace at which this announcement is being
rushed through, the bank is cutting corners in its failure to consult
appropriately with the union.”

Source: Unite the Union

For further info Saba Mozakka, Unite the press office: +44(0)20-7420-8916 or +44(0)7768-693-953.