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Industry News Articles

HSBC plan to reduce workforce further

19 March 2012

HSBC are expected to cut thousands more staff this year in an attempt to cut further costs.

The company has already reduced its global work force by 42,000 in the last two years as part of a strategic overhaul and the next cuts are expected to be announced in May.

Those close to the bank say the cuts could see the company reduce its workforce by up to 5,000 employees.

In its annual report last week, HSBC promised investors it would save a further $1bn in 2013.

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