Employee union Unite says to oppose compulsory job losses at HSBC

Business News


FILE PHOTO: Pedestrians walk past closed HSBC bank during a national strike in Buenos Aires, Argentina April 30, 2019. REUTERS/Agustin Marcarian

LONDON (Reuters) – Employee union Unite said it will oppose any compulsory job losses within HSBC (HSBA.L) and “work vigorously to ensure staff are heard and their jobs protected”, after the bank dusted off plans to axe as many as 35,000 roles worldwide.

“Since the start of the COVID-19 crisis colleagues across HSBC have worked tirelessly as key workers to ensure that consumers continue to access financial services to meet their banking needs,” Dominic Hook, Unite national officer said.

You Might Like

“Now is the time for HSBC to stand by its workforce and recognise these mighty efforts and see that the bank’s strength lies within its workforce.”

HSBC, Europe’s biggest bank, told staff earlier on Wednesday it would resume restructuring plans it had shelved when the coronavirus pandemic struck earlier this year.

Reporting By Sinead Cruise; Editing by Tom Arnold


Read the Original Article Here

Articles You May Like

You can’t have a Police State without the Police
Andrew Yang is running for mayor of New York City
Líderes conservadores: las empresas tecnológicas representan una amenaza existencial, deben eliminarse
A Day of Chaos Clouds Trump’s Legacy of Judges, Tax Cuts, Peace Deals
WHO warns new Covid variants are ‘highly problematic’ and could further stress hospitals

Leave a Reply

Your email address will not be published. Required fields are marked *