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2,000 UK jobs go at HSBC

HSBC is set to announce 2,000 redundancies in the UK today, as part of plans to cut costs across the globe.

The bank, which is the biggest in Europe, employs more than 50,000 people in Britain.

Chief executive Stuart Gulliver has previously indicated that the bank will cut 30,000 jobs worldwide by 2013, in a bid to make $3.5 billion on savings.

The total job cuts worldwide will amount to 10% of HSBC’s total workforce. However, the bank has also expressed plans to begin recruiting staff again by 2013.

In 2011 the bank cut 7,000 jobs across the globe, leaving the bank with around 288,000 employees.

Speaking to the BBC, Unite national officer for financial services David Fleming said: “Unite will oppose any job losses at HSBC and is in dialogue with the bank regarding the speculation today.

This was posted in Bdaily's Members' News section by Ruth Mitchell .