26/04/2012
2,200 Job Cuts Confirmed At HSBC
HSBC has confirmed that it is to cut more than 2,200 jobs in the UK as part of its global cost-cutting plans.
Over 3,100 posts are being closed but the bank said that new roles were being created as well, which would result in 2,217 staff leaving.
The expected cuts are part of 30,000 job cuts the bank is making worldwide by 2013 as it looks to save $3.5bn worth of annual costs.
The Unite union however have said it is outraged and would campaign against the cuts.
"There is no justification for this awful treatment of staff," said Unite national officer David Fleming, pointing out that the bank made a £13.8bn profit worldwide last year.
"The hypocrisy of CEO Stuart Gulliver taking home £8m, while claiming the bank must cut thousands of staff in order to save money, will not be lost on the workforce."
HSBC said the majority of staff affected were in senior or middle-management positions, with only a "small proportion" of customer-facing staff impacted.
(H)
Over 3,100 posts are being closed but the bank said that new roles were being created as well, which would result in 2,217 staff leaving.
The expected cuts are part of 30,000 job cuts the bank is making worldwide by 2013 as it looks to save $3.5bn worth of annual costs.
The Unite union however have said it is outraged and would campaign against the cuts.
"There is no justification for this awful treatment of staff," said Unite national officer David Fleming, pointing out that the bank made a £13.8bn profit worldwide last year.
"The hypocrisy of CEO Stuart Gulliver taking home £8m, while claiming the bank must cut thousands of staff in order to save money, will not be lost on the workforce."
HSBC said the majority of staff affected were in senior or middle-management positions, with only a "small proportion" of customer-facing staff impacted.
(H)
Related UK National News Stories
Click here for the latest headlines.
09 June 2015
HSBC Announce Thousands Of UK Job Cuts
HSBC has announced 8,000 job cuts in its UK workforce, as part of a global effort to reduce costs and "simplify its business". Europe's largest bank, which currently employs 48,000 people in the UK, has said that it will seek to make 25,000 job cuts globally, reducing its worldwide workforce of 266,000 by about 10%.
HSBC Announce Thousands Of UK Job Cuts
HSBC has announced 8,000 job cuts in its UK workforce, as part of a global effort to reduce costs and "simplify its business". Europe's largest bank, which currently employs 48,000 people in the UK, has said that it will seek to make 25,000 job cuts globally, reducing its worldwide workforce of 266,000 by about 10%.
30 July 2008
Northern Rock Reveals Job Cuts
Northern Rock is set to shed up to 1,300 jobs as part of a restructuring plan. The troubled bank, which was effectively nationalised this year, aims to limit the number of compulsory redundancies to 800, while 500 staff will leave voluntarily. The job cuts are in line with previously announced plans to cut 2,000 staff by 2011.
Northern Rock Reveals Job Cuts
Northern Rock is set to shed up to 1,300 jobs as part of a restructuring plan. The troubled bank, which was effectively nationalised this year, aims to limit the number of compulsory redundancies to 800, while 500 staff will leave voluntarily. The job cuts are in line with previously announced plans to cut 2,000 staff by 2011.
10 February 2015
Birmingham Council Considers Job Cuts In Money Saving Drive
Birmingham City Council has voted to reduce the opening hours of the city's new £189 million library by almost half. Opening hours of the library, which opened in September 2013, are to be cut from 73 to 40 as part of a drive to save money.
Birmingham Council Considers Job Cuts In Money Saving Drive
Birmingham City Council has voted to reduce the opening hours of the city's new £189 million library by almost half. Opening hours of the library, which opened in September 2013, are to be cut from 73 to 40 as part of a drive to save money.
19 June 2012
Unite Describes RBS Job Cuts As 'Brutal'
Unite union leaders have attacked an announcement by the Royal Bank of Scotland on Tuesday of "brutal" cuts of 600 jobs from its financial planning service. Unite said the cuts represented a 50% reduction in the department across the country. "These latest Royal Bank of Scotland job losses are brutal.
Unite Describes RBS Job Cuts As 'Brutal'
Unite union leaders have attacked an announcement by the Royal Bank of Scotland on Tuesday of "brutal" cuts of 600 jobs from its financial planning service. Unite said the cuts represented a 50% reduction in the department across the country. "These latest Royal Bank of Scotland job losses are brutal.
01 May 2008
Job Cuts Planned At Troubled Bank?
Troubled lender Northern Rock plans to axe 2,000 jobs within three years, it has been reported. The bank has been struggling since last year due to unsettling financial conditions sparked off by the global credit crunch. Long queues formed outside the bank last September as savers tried to withdraw their savings.
Job Cuts Planned At Troubled Bank?
Troubled lender Northern Rock plans to axe 2,000 jobs within three years, it has been reported. The bank has been struggling since last year due to unsettling financial conditions sparked off by the global credit crunch. Long queues formed outside the bank last September as savers tried to withdraw their savings.
-
Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.