The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
500 jobs Number of planned job losses
Announcement Date
1 December 2008
Employment effect (start)
Foreseen end date
Description
HSBC, one of Britain's largest banks, has announced that it is to cut 500 jobs across the UK. The jobs will be lost at offices in London , Leeds, Birmingham, Sheffield and Chester, although no retail customer-facing jobs in branches or call centres will be lost.The company employs 330,000 people worldwide, although it is not known how many of these work in the UK. As of 7 December 2008, no information has been given as to when the job cuts will occur.
Sources
1 December 2008: The Guardian
1 December 2008: BBC News
Citation
Eurofound (2008), HSBC, Internal restructuring in United Kingdom, factsheet number 67573, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67573.
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