8,000 job cuts at HSBC show staff are being punished f...

8,000 job cuts at HSBC show staff are being punished for boardroom misconduct

09 June 2015

The announcement by HSBC that up to 8,000 UK jobs are to be cut from the bank by 2017, is the latest example of the workforce being punished for the misconduct of senior and investment bankers says Unite, the union representing thousands of finance workers across the country.
HSBC Chief Executive Stuart Gulliver is using his annual strategy day to announce up to 8,000 job losses across the UK, part of 20,000 global job cuts.
Dominic Hook, Unite national office for finance, said:
“Unite are seeking to meet with UK Chief Executive Antonio Simoes as soon as possible to demand that any redundancies are through voluntary means or managed through natural attrition.
This latest wave of job losses is a stab in the back to a dedicated workforce who have put HSBC back on the road to recovery since 2008.
After all the scandals of recent years, front line staff have suffered time and time again as they are forced to pay for the mistakes of others with their jobs, their terms and conditions and their reputation.

Unite will consult with our members in HSBC, we will fight for them and we will support them.”
For further information please contact Ben Norman on 07525 590075 or or alternatively contact the Unite press team on 020 3371 2061

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Unite is Britain and Ireland’s largest trade union with over 1.4 million members working across all sectors of the economy. The general secretary is Len McCluskey.