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Industry News Articles

HSBC to cut over 1,100 jobs

24 April 2013

HSBC is to cut 1,149 jobs in a another round of redundancies in its three-year cost-cutting plan.

The bank revealed its latest cuts will affect 3,166 staff but that it expects to re-deploy 2,017 staff in to newly created positions.

Chief Executive, Brian Robertson, said: "I understand change is always unsettling, particularly for those directly affected. We are doing everything possible to offer impacted employees opportunities for the many newly created roles, and I’m confident a significant majority will remain with the bank."

Unite National Officer, Dominic Hook, said: "HSBC is making staff suffer in the search for ever greater profits. The bank's behaviour is a disgrace. After making proposals to slash pensions, holidays and sick pay the bank is now slashing even more jobs. Staff are at the end of their tether and we will be asking them in due course if they are prepared to take part in a strike ballot to oppose this unprecedented attack by this very profitable bank."

Flexible Borer's FUSION Attendance Management System

If employees are asked to undertake different shifts or working patterns to the restructing of the company, then FUSION’s Time and Attendance System take this in their stride. Our FUSION Time and Attendance systems deal with all clocking matters, from simple collection of employees' clocking data, through to job costing and extensive labour hours analysis. Many working patterns – flexi-time, night shifts and overtime are easily created with the software.

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Access Control Systems using Power over Ethernet (PoE) Technology from Borer