HSBC bank to shut UK service centre, cut 182 jobs

Thread View: alt.computer.consultants

3 messages

[T] Back to Threads [V] Tree View [G] Group Articles

3 total messages Started by Your Special Friend Thu, 29 Jan 2004 22:18

#1078

Author: Your Special Friend
Date: Thu, 29 Jan 2004 22:18

31 lines
2559 bytes

http://in.news.yahoo.com/040129/137/2b79t.html

Thursday January 29, 10:36 PM

HSBC bank to shut UK service centre, cut 182 jobs

LONDON (Reuters) - Britain's biggest bank, HSBC Holdings Plc, said on
Thursday it would shut a service centre in Sheffield, north England,
and cut 182 jobs to reduce costs.

The bank will move the centre's administrative work for its investment
funds business to nearby Leamington Spa by the end of the year, a
spokesman said. HSBC already has a centre at Leamington Spa to support
its stockbroking operation.

HSBC has been clamping down on costs in Britain. The bank said in July
it would axe 1,400 head office and regional UK jobs, including a
separate 150 in Sheffield. In September, it announced the transfer of
4,000 British jobs to India.

If Sheffield workers want to work in Leamington Spa, they are
guaranteed a job, the spokesman said. Otherwise, HSBC will try to find
new employment for staff at the bank or provide career advice for
those who leave.

"This is devastating news for the staff and their families," said Paul
Bridge, a negotiator for finance trade union Unifi, in a statement.
"It's also a double blow for Sheffield as HSBC has already earmarked
its processing centre for closure."

HSBC is not ruling out compulsory redundancies.

Re: HSBC bank to shut UK service centre, cut 182 jobs

#1079

Author: dane
Date: Thu, 29 Jan 2004 22:30

14 lines
1924 bytes

In ba.internet Your Special Friend <ybf@ziplip.com> wrote:
: "This is devastating news for the staff and their families," said Paul
: Bridge, a negotiator for finance trade union Unifi, in a statement.
: "It's also a double blow for Sheffield as HSBC has already earmarked
: its processing centre for closure."

I can see this being hot news in the Bay Area.  Double blow!

-- 
Dane Jasper				Sonic.net, Inc.
(707)522-1000
mailto:dane@sonic.net			http://www.sonic.net/

Key fingerprint =  A5 D6 6E 16 D8 81 BA E9  CB BD A9 77 B3 AF 45 53

Re: HSBC bank to shut UK service centre, cut 182 jobs

#1071

Author: Dr. Jai Maharaj
Date: Fri, 30 Jan 2004 00:54

41 lines
3243 bytes

In article <1214fb08.0401291418.3e2ce86c@posting.google.com>, 
 ybf@ziplip.com (Your Special Friend) posted: 
> 
> http://in.news.yahoo.com/040129/137/2b79t.html
> 
> Thursday January 29, 10:36 PM
> 
> HSBC bank to shut UK service centre, cut 182 jobs
> 
> LONDON (Reuters) - Britain's biggest bank, HSBC Holdings Plc, said on
> Thursday it would shut a service centre in Sheffield, north England,
> and cut 182 jobs to reduce costs.
> 
> The bank will move the centre's administrative work for its investment
> funds business to nearby Leamington Spa by the end of the year, a
> spokesman said. HSBC already has a centre at Leamington Spa to support
> its stockbroking operation.
> 
> HSBC has been clamping down on costs in Britain. The bank said in July
> it would axe 1,400 head office and regional UK jobs, including a
> separate 150 in Sheffield. In September, it announced the transfer of
> 4,000 British jobs to India.
> 
> If Sheffield workers want to work in Leamington Spa, they are
> guaranteed a job, the spokesman said. Otherwise, HSBC will try to find
> new employment for staff at the bank or provide career advice for
> those who leave.
> 
> "This is devastating news for the staff and their families," said Paul
> Bridge, a negotiator for finance trade union Unifi, in a statement.
> "It's also a double blow for Sheffield as HSBC has already earmarked
> its processing centre for closure."
> 
> HSBC is not ruling out compulsory redundancies.

"not ruling out compulsory redundancies" - ha! 
Talk about mandatory spin.

Jai Maharaj
http://www.mantra.com/jai
Om Shanti

Thread Navigation

This is a paginated view of messages in the thread with full content displayed inline.

Messages are displayed in chronological order, with the original post highlighted in green.

Use pagination controls to navigate through all messages in large threads.

Back to All Threads