600 bank jobs face the cut in Yorkshire
BANKING giant HSBC is cutting 595 jobs in Sheffield and at its site in Tankersley near Barnsley.
Nationally 840 IT jobs will be lost. The bank said the restructuring was part of 8,000 cuts first announced in June 2015.
Other impacted sites include, Leeds, Birmingham and London – all of which will see their IT departments cut.
Union Unite says that the jobs are part of an offshoring campaign by HSBC, relocating jobs to India, China and Poland, and that employees were “kept in the dark” on the subject of redundancies.
John Hackett, chief operations officer of HSBC UK, said: “In our investor update in June 2015, and many times since, we have stated that we are targeting significant cost reductions by the end of 2017.
“As part of a global relocation exercise, around 840 non-customer-facing IT roles will transfer from the UK to other sites around the world by the end of March 2017.
“The UK will continue to play an important role in HSBC’s global IT infrastructure, employing several thousand IT professionals.”
Dominic Hook, Unite national officer for finance, said that the move was evidence of a “cynical race to the bottom.” He said: “HSBC’s decision to axe so many IT jobs is as ruthless as it is reckless.
“For almost a year staff have been left in the dark about their futures, only to be told that before being shown the door they’re expected to train someone in India or China who will do their job for less money. It’s a deeply cynical move by a bank which wants to be an ‘Employer of Choice’.”
Last week, DLA Piper also announced that 200 jobs would be outsourced to its buisness support base in Warsaw, with 85 jobs set to be cut in Yorkshire .
