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09/06/2015
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%.
The bank added that it will also rebrand its High Street branches in the UK, but said that a new name has not yet been chosen.
The bank has been forced by new government rules to make a formal distinction between its investment banking business and its retail banking operations.
It is not yet clear how or from which departments the job cuts will be made.
(MH)
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%.
The bank added that it will also rebrand its High Street branches in the UK, but said that a new name has not yet been chosen.
The bank has been forced by new government rules to make a formal distinction between its investment banking business and its retail banking operations.
It is not yet clear how or from which departments the job cuts will be made.
(MH)
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11 February 2014
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Barclays Bank have announced plans to cut up to 12,000 jobs, including 7,000 in the UK. Around half of the staff to be affected by the cuts have been informed, the bank have said. The new round of cuts follow 7,650 job loses last year, with the bank saying that 820 senior managers will be cut along with 220 managing directors and 600 directors.
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Barclays Bank have announced plans to cut up to 12,000 jobs, including 7,000 in the UK. Around half of the staff to be affected by the cuts have been informed, the bank have said. The new round of cuts follow 7,650 job loses last year, with the bank saying that 820 senior managers will be cut along with 220 managing directors and 600 directors.
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North Sea Oil Company Announce Job Cuts
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Birmingham Council Considers Job Cuts In Money Saving Drive
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RMT Calls For Halt To Job Losses At Network Rail
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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.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
