HSBC confirms 2,200 job cuts: 80 in Southampton (From Romsey Advertiser)

Why don't they chop a few managerial heads instead, they'll save thousands what with that and their sizeable bonuses. Why ruin the lives of people that actually work for a living?

Yet another fine example of the private sector picking up the slack of those made unemployed via redundancies in public and private sectors...

British Gas yesterday, HSBC today, it does beg the question who is next and when will this government realise it's plans for private sector growth are clearly stuff of fairy tales?

**To try and keep jobs in UK, whenever you call a big company and you are greeted by someone who you may believe to be is foreign, it is my understanding that you are within your right to be asked to be placed through to a call centre in the UK. If we were all to do this, then perhaps some jobs could return this way from the far east...

We need a Christian spring.

Taskforce 141 wrote:
Yet another fine example of the private sector picking up the slack of those made unemployed via redundancies in public and private sectors...

British Gas yesterday, HSBC today, it does beg the question who is next and when will this government realise it's plans for private sector growth are clearly stuff of fairy tales?

**To try and keep jobs in UK, whenever you call a big company and you are greeted by someone who you may believe to be is foreign, it is my understanding that you are within your right to be asked to be placed through to a call centre in the UK. If we were all to do this, then perhaps some jobs could return this way from the far east...

Taskforce, is that a fact? Can you really ask for someone else and not be branded a possible racist? Some people can be hard to understand which is another reason to speak to someone of a similar tongue.

wow didnt know that it was your right to talk to someone in a UK call centre.
I hate calling the call centres that are all based abroad...hard to understand them and they find it hard to understand and spell simple things.

A packaging company Mayr-Melnhof close up shop in Liverpool with the lost of 140 workers, these small ones you don't tend to get to hear about but there numbers mount up very quickly.

Unite are going to making a fortune from all this stuff!

Well that takes away one of the companies i thought of applying for.

allmove4ward2geva wrote:
Well that takes away one of the companies i thought of applying for.

procrastinator!!!!

As some who use to work for HSBC, this comes as no surprise that they are cutting staff yet again, they will continue until there are no staff in the UK. Whilst working for them there was talk of relocating the HQ to Hong Kong, or Shanghi for one reason save money. The whole ethos of the company changed once HSBC took full control of the old Midland, under HSBC you are just a number not a person where it was totally different under Midland.
Perhaps people should know that according to Wikipedia the Chief Executive Stuart Gulliver, earned £9m in stock shares, and his salary was £826k, in 2010. The talk in the company when Michael Geoghegan left the UK and moved his base to Hong Kong was so he could pay less tax.
This story broke yesterday in the Daily Mirror so the Echo is really fast.
According to the Daily Mirror

In February, it was revealed that eight bosses at HSBC split nearly £30million between them last year as part of the bank’s £2.6billion bonus bonanza – while workers suffered job cuts and below-inflation pay rises.

Nearly 200 senior staff pocketed at least £1million each as the finance giant revealed how it showered bosses with rewards.

Chief executive Stuart Gulliver took home £7.2million last year in pay, bonuses and long-term incentives.

But he is also entitled to another £3.7million of shares given in previous years and is sitting on a total shares mountain worth a whopping £24million.

Five workers shared £27.7million as, worldwide, 192 staff were paid at least £1million last year – including 64 based in the UK.

And they say we are all in this together, who are they kidding.

Taskforce 141 wrote:
Yet another fine example of the private sector picking up the slack of those made unemployed via redundancies in public and private sectors... British Gas yesterday, HSBC today, it does beg the question who is next and when will this government realise it's plans for private sector growth are clearly stuff of fairy tales? **To try and keep jobs in UK, whenever you call a big company and you are greeted by someone who you may believe to be is foreign, it is my understanding that you are within your right to be asked to be placed through to a call centre in the UK. If we were all to do this, then perhaps some jobs could return this way from the far east...

Not forgetting, it is also "your right" to ask for the staff to greet you in fluent Farsi and to dress up as large pink bunnies.

Whether they choose to comply or not is a different matter.

If you don't like the service you receive, go elsewhere. I note that several companies, including at least one major bank, make it clear on their advertising that they employ only UK based call centre staff. Whether those staff speak English or are as competent as the ones they could hire for a fraction of the cost abroad is a different matter.

Again sack the top earners like chief executive Stuart Gulliver who is on over £800.000 +
It’s always the ordinary people who lose the jobs who have families and bills to pay.

I was with HSBC and got fed up with the overseas call centres and moved to to the Co-op bank who have UK call centres only

I wouldn't be happy if I banked with HSBC given that they pulled out of Woolston and Portswood recently. Where next?

"Senior and middle management positions will be hit, HSBC said"

At least it isnt the lowest paid workers this time.

dave1958 wrote:
As some who use to work for HSBC, this comes as no surprise that they are cutting staff yet again, they will continue until there are no staff in the UK. Whilst working for them there was talk of relocating the HQ to Hong Kong, or Shanghi for one reason save money. The whole ethos of the company changed once HSBC took full control of the old Midland, under HSBC you are just a number not a person where it was totally different under Midland.
Perhaps people should know that according to Wikipedia the Chief Executive Stuart Gulliver, earned £9m in stock shares, and his salary was £826k, in 2010. The talk in the company when Michael Geoghegan left the UK and moved his base to Hong Kong was so he could pay less tax.
This story broke yesterday in the Daily Mirror so the Echo is really fast.
According to the Daily Mirror

In February, it was revealed that eight bosses at HSBC split nearly £30million between them last year as part of the bank’s £2.6billion bonus bonanza – while workers suffered job cuts and below-inflation pay rises.

Nearly 200 senior staff pocketed at least £1million each as the finance giant revealed how it showered bosses with rewards.

Chief executive Stuart Gulliver took home £7.2million last year in pay, bonuses and long-term incentives.

But he is also entitled to another £3.7million of shares given in previous years and is sitting on a total shares mountain worth a whopping £24million.

Five workers shared £27.7million as, worldwide, 192 staff were paid at least £1million last year – including 64 based in the UK.

And they say we are all in this together, who are they kidding.

WOW! for ages I've been telling people that HSBC were looking to relocate abroad & if we hit the banks as they want to do they'd be off.
I was told they wouldn't & I didn't know what I was talking about.
Thank You for telling them the truth will they believe you? doubt it?
The only way to get a company to hire in the UK & not go abroad is to only buy or use British made/based ( call Centres) products/companies.
only then will the work return to this country.
If cheap & Chinese but a bit dearer & British buy the British item it's in our hands.
I use to have a Dyson vacuum cleaner he moved production abroad & I got rid of it & won't buy another Dyson.
Nationwide use a British Call centre & I knew what HSBC were planning so I'm now with Nationwide you have options it's your choice

Of course the Co-op bank and Britannia have only UK call centres - I moved my accounts from HSBC to the co-op 2 years ago and glad that I did

Of course the Co-op bank and Britannia have only UK call centres - I moved my accounts from HSBC to the co-op 2 years ago and glad that I did

loosehead wrote:

dave1958 wrote:
As some who use to work for HSBC, this comes as no surprise that they are cutting staff yet again, they will continue until there are no staff in the UK. Whilst working for them there was talk of relocating the HQ to Hong Kong, or Shanghi for one reason save money. The whole ethos of the company changed once HSBC took full control of the old Midland, under HSBC you are just a number not a person where it was totally different under Midland.
Perhaps people should know that according to Wikipedia the Chief Executive Stuart Gulliver, earned £9m in stock shares, and his salary was £826k, in 2010. The talk in the company when Michael Geoghegan left the UK and moved his base to Hong Kong was so he could pay less tax.
This story broke yesterday in the Daily Mirror so the Echo is really fast.
According to the Daily Mirror

In February, it was revealed that eight bosses at HSBC split nearly £30million between them last year as part of the bank’s £2.6billion bonus bonanza – while workers suffered job cuts and below-inflation pay rises.

Nearly 200 senior staff pocketed at least £1million each as the finance giant revealed how it showered bosses with rewards.

Chief executive Stuart Gulliver took home £7.2million last year in pay, bonuses and long-term incentives.

But he is also entitled to another £3.7million of shares given in previous years and is sitting on a total shares mountain worth a whopping £24million.

Five workers shared £27.7million as, worldwide, 192 staff were paid at least £1million last year – including 64 based in the UK.

And they say we are all in this together, who are they kidding.

WOW! for ages I've been telling people that HSBC were looking to relocate abroad & if we hit the banks as they want to do they'd be off.
I was told they wouldn't & I didn't know what I was talking about.
Thank You for telling them the truth will they believe you? doubt it?
The only way to get a company to hire in the UK & not go abroad is to only buy or use British made/based ( call Centres) products/companies.
only then will the work return to this country.
If cheap & Chinese but a bit dearer & British buy the British item it's in our hands.
I use to have a Dyson vacuum cleaner he moved production abroad & I got rid of it & won't buy another Dyson.
Nationwide use a British Call centre & I knew what HSBC were planning so I'm now with Nationwide you have options it's your choice

Spot on.
>
All large companies will leave the UK if we do not have reasonable business conditions. (For example, Union mischief will cause companies to leave - alternatively, not invest in the UK).
Imagine suffering the consequences if that happens.

wow, HSBC (Honkkong and Shanghai Banking Corporation) may move their headquarters to Hong Kong or even Shanghai :-O

Smartiepants wrote:
Why don't they chop a few managerial heads instead, they'll save thousands what with that and their sizeable bonuses. Why ruin the lives of people that actually work for a living?

You think managers don't work for a living?

bigfella777 wrote:
We need a Christian spring.

Fun fact: "Arab" isn't a religion.

Smartiepants wrote:
Why don't they chop a few managerial heads instead, they'll save thousands what with that and their sizeable bonuses. Why ruin the lives of people that actually work for a living?

smartiepants, would love for you to define what you think "work for a living" actually means. Im pretty sure that those above the first level work pretty hard as well. Are you one of the "all they do is push buttons" brigade when thinking that only those at the lower levels do "real work"?

I'll not even bother with the bonuses comment.

And no, I dont work for or bank with HSBC, but am fed up reading such pointless comments on stories like these.

and to think i even bothered to create an account just to ask you these questions.

Baron_Greenbak wrote:

Smartiepants wrote:
Why don't they chop a few managerial heads instead, they'll save thousands what with that and their sizeable bonuses. Why ruin the lives of people that actually work for a living?

smartiepants, would love for you to define what you think "work for a living" actually means. Im pretty sure that those above the first level work pretty hard as well. Are you one of the "all they do is push buttons" brigade when thinking that only those at the lower levels do "real work"?

I'll not even bother with the bonuses comment.

And no, I dont work for or bank with HSBC, but am fed up reading such pointless comments on stories like these.

and to think i even bothered to create an account just to ask you these questions.

Well friggin' said. If people really do think management is so easy, and these managers are getting paid a fortune for doing absolutely nothing, surely that makes them idiots for working hard for little money, when all they have to do is get a management job where they do stuff all work and get paid a fortune.

I do not envy the CEO of HSBC one little bit. Not his money, not the hours he works, and certainly not his responsibility.

George4th wrote:

loosehead wrote:

dave1958 wrote:
As some who use to work for HSBC, this comes as no surprise that they are cutting staff yet again, they will continue until there are no staff in the UK. Whilst working for them there was talk of relocating the HQ to Hong Kong, or Shanghi for one reason save money. The whole ethos of the company changed once HSBC took full control of the old Midland, under HSBC you are just a number not a person where it was totally different under Midland.
Perhaps people should know that according to Wikipedia the Chief Executive Stuart Gulliver, earned £9m in stock shares, and his salary was £826k, in 2010. The talk in the company when Michael Geoghegan left the UK and moved his base to Hong Kong was so he could pay less tax.
This story broke yesterday in the Daily Mirror so the Echo is really fast.
According to the Daily Mirror

In February, it was revealed that eight bosses at HSBC split nearly £30million between them last year as part of the bank’s £2.6billion bonus bonanza – while workers suffered job cuts and below-inflation pay rises.

Nearly 200 senior staff pocketed at least £1million each as the finance giant revealed how it showered bosses with rewards.

Chief executive Stuart Gulliver took home £7.2million last year in pay, bonuses and long-term incentives.

But he is also entitled to another £3.7million of shares given in previous years and is sitting on a total shares mountain worth a whopping £24million.

Five workers shared £27.7million as, worldwide, 192 staff were paid at least £1million last year – including 64 based in the UK.

And they say we are all in this together, who are they kidding.

WOW! for ages I've been telling people that HSBC were looking to relocate abroad & if we hit the banks as they want to do they'd be off.
I was told they wouldn't & I didn't know what I was talking about.
Thank You for telling them the truth will they believe you? doubt it?
The only way to get a company to hire in the UK & not go abroad is to only buy or use British made/based ( call Centres) products/companies.
only then will the work return to this country.
If cheap & Chinese but a bit dearer & British buy the British item it's in our hands.
I use to have a Dyson vacuum cleaner he moved production abroad & I got rid of it & won't buy another Dyson.
Nationwide use a British Call centre & I knew what HSBC were planning so I'm now with Nationwide you have options it's your choice

Spot on.
>
All large companies will leave the UK if we do not have reasonable business conditions. (For example, Union mischief will cause companies to leave - alternatively, not invest in the UK).
Imagine suffering the consequences if that happens.

You can't blame these job losses on Union activity and neither were those lost at British Gas.

Rather than blame your beloved Cameron and Clegg, I suppose you would claim that it is delayed action from the time Labour were in power.

Linesman wrote:

George4th wrote:

loosehead wrote:

dave1958 wrote:
As some who use to work for HSBC, this comes as no surprise that they are cutting staff yet again, they will continue until there are no staff in the UK. Whilst working for them there was talk of relocating the HQ to Hong Kong, or Shanghi for one reason save money. The whole ethos of the company changed once HSBC took full control of the old Midland, under HSBC you are just a number not a person where it was totally different under Midland.
Perhaps people should know that according to Wikipedia the Chief Executive Stuart Gulliver, earned £9m in stock shares, and his salary was £826k, in 2010. The talk in the company when Michael Geoghegan left the UK and moved his base to Hong Kong was so he could pay less tax.
This story broke yesterday in the Daily Mirror so the Echo is really fast.
According to the Daily Mirror

In February, it was revealed that eight bosses at HSBC split nearly £30million between them last year as part of the bank’s £2.6billion bonus bonanza – while workers suffered job cuts and below-inflation pay rises.

Nearly 200 senior staff pocketed at least £1million each as the finance giant revealed how it showered bosses with rewards.

Chief executive Stuart Gulliver took home £7.2million last year in pay, bonuses and long-term incentives.

But he is also entitled to another £3.7million of shares given in previous years and is sitting on a total shares mountain worth a whopping £24million.

Five workers shared £27.7million as, worldwide, 192 staff were paid at least £1million last year – including 64 based in the UK.

And they say we are all in this together, who are they kidding.

WOW! for ages I've been telling people that HSBC were looking to relocate abroad & if we hit the banks as they want to do they'd be off.
I was told they wouldn't & I didn't know what I was talking about.
Thank You for telling them the truth will they believe you? doubt it?
The only way to get a company to hire in the UK & not go abroad is to only buy or use British made/based ( call Centres) products/companies.
only then will the work return to this country.
If cheap & Chinese but a bit dearer & British buy the British item it's in our hands.
I use to have a Dyson vacuum cleaner he moved production abroad & I got rid of it & won't buy another Dyson.
Nationwide use a British Call centre & I knew what HSBC were planning so I'm now with Nationwide you have options it's your choice

Spot on.
>
All large companies will leave the UK if we do not have reasonable business conditions. (For example, Union mischief will cause companies to leave - alternatively, not invest in the UK).
Imagine suffering the consequences if that happens.

You can't blame these job losses on Union activity and neither were those lost at British Gas.

Rather than blame your beloved Cameron and Clegg, I suppose you would claim that it is delayed action from the time Labour were in power.

So BG say that they are shutting their offices here because it's now done on the internet.
Southy & trade Unionists ( Unite) say hit the banks not the people?
We say to you all that the banks will go putting untold thousands on the dole they say no they won't
then you have a post on here telling you that HSBC are getting ready to go & HSBC are cutting staff to build up a fund after the governments plans to stop another banking crisis which by the way Labour doesn't think goes far enough.
You think this is The coalitions fault?
If these big banks think we'll have a Labour Government then you ain't seen nothing yet nearly 3million unemployed will be a very small figure compared to when all the banks we don't own leave

Smartiepants wrote:
Why don't they chop a few managerial heads instead, they'll save thousands what with that and their sizeable bonuses. Why ruin the lives of people that actually work for a living?

Managerial heads were chopped, but the business needed to be slimlined, so unfortunately that affected lower paid workers too. They can't get rid of all the managers, because believe it or not, they're required to MANAGE.

G0Rf wrote:
wow didnt know that it was your right to talk to someone in a UK call centre.
I hate calling the call centres that are all based abroad...hard to understand them and they find it hard to understand and spell simple things.

No, it's not anybody's "right" to speak to a British call centre. They can request it, but it isn't a "right", since there's no law surrounding it.

HSBC, British Gas etc etc and the number of people having to use Food Banks for food.

This government's policies have a lot to answer for.

Many of these so-called call centers are not even in the UK. Many of them are in India. When you phone the insurance company who have an address in Scotland their phone center is in India, most can't even speak English never mind understand it. There is a call center in Ireland who take calls from Canada's phone companies amongst others. And its all supposedly done to cut costs. The computer and especially the Internet has cost many thousands of people their jobs amongst unions and immigration. It is destined to continue and get worse. Those with jobs from these immigrants ship their money out of the country so there is going to be a lot of people homeless too. Take care to bring back personal service and English speaking people to service the British people. Just my opinion!

dango wrote:
wow, HSBC (Honkkong and Shanghai Banking Corporation) may move their headquarters to Hong Kong or even Shanghai :-O

HSBC no longer stands for Hong Kong and Shanghai Banking Corporation. Because they're now a global brand they decided to shed that. They're now just "HSBC". #justsayin

Baron_Greenbak wrote:

Smartiepants wrote:
Why don't they chop a few managerial heads instead, they'll save thousands what with that and their sizeable bonuses. Why ruin the lives of people that actually work for a living?

smartiepants, would love for you to define what you think "work for a living" actually means. Im pretty sure that those above the first level work pretty hard as well. Are you one of the "all they do is push buttons" brigade when thinking that only those at the lower levels do "real work"?

I'll not even bother with the bonuses comment.

And no, I dont work for or bank with HSBC, but am fed up reading such pointless comments on stories like these.

and to think i even bothered to create an account just to ask you these questions.

Haha, I did the same. People just have one minded opinions and seem to also forget the at the end of the day HSBC is a business and if a business can be streamlined I make more profits then streamlined it will be!