WORKERS’ union Unite has issued a damning statement condemning HSBC’s announcement that it is to cut over 3,000 jobs in the UK.
The banking giant has confirmed the cuts and it is believed they will affect branches across the whole of the country.
The cuts could affect Louth as the town has a branch in the Cornmarket as part of its network of 1,250 outlets.
It is understood that no branches will close as part of the restructure which the bank say will mainly be in senior and middle management roles.
David Fleming, Unite’s national officer, said: “Following much speculation it has now been confirmed that HSBC is sending over 3,100 of its staff to the back of the unemployment queue. There is no justification for this awful treatment of staff.
“How can the bank announce 3,167 staff cuts when it was the workforce that delivered it a profit of £13.8 billion last year?
“The hypocrisy of CEO Stuart Gulliver taking home £8 million, while claiming the bank must cut thousands of staff in order to save money, will not be lost on the workforce.”
Mr Fleming continued: “Unite is outraged that bank workers serving HSBC customers daily are having their jobs cut which will mean service will suffer.
“Unite will now be meeting with and consulting with its members to plan the next steps in response to this shocking announcement.”
Unite say they will fiercely campaign against these job losses.
Brian Robertson, Chief Executive of HSBC Bank Plc, said: ”We have taken the difficult decision to restructure HSBC in the UK in order to reduce layers of management and bureaucracy.
“These changes will enhance our efficiency as detailed in the strategy we announced last May and they will also help ensure our continued profitability in the face of the changing regulatory landscape.”
Joe Garner, Head of the UK Bank, added: “I feel the deepest sympathy for those colleagues who are affected by these changes and would like to stress that we will be doing everything we possibly can to support them over the coming months. Our immediate focus is to try to help those colleagues impacted to find alternative roles within the bank.
“We have tried to keep the number of people who will be leaving the bank to a minimum. Additionally, we have gone to great lengths to maintain full support for our customers – with only a small proportion of frontline customer service colleagues being impacted by these changes.”