JOB LOSSES AT HSBC

HSBC has been accused of using the economical downturn as an excuse to axe many jobs. The company said 1,200 staff would loose their jobs and at least 500 call centers moved over seas.

Derek Simpson, joint leader of the Unite Union said “Redundancies were likely to be around 2900 and the latest losses would ruin many communities.”

HSBC spokesman Tim Pie has said, “The job cuts announced are in audition to the 500 jobs lost at HSBC’ s London head office in December.”

HSBC, which has about 58,000 staff in the UK, said job losses would hit areas such as IT and human resources, rather that front line employees in branches.

By Carmen

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