United Kingdom -HSBC to cut 8,000 jobs in UK, 25,000 globally -June 09, 2015

HSBC to cut to 10% of its current employees globally.

Europe’s biggest bank, HSBC has announced it will be cutting its workforce by 25,000, amounting to 10% of its current employees. In total, 8,000 jobs are to disappear in the UK, which HSBC ensures will be reached via natural attrition. Trade union officials announced they would be closely following the process.

English: http://www.bbc.com/news/business …  

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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