17/10/2003
Industrial action threat over HSBC outsourcing
Finance sector union UNIFI has warned that it is prepared to take industrial action over HSBC's plans outsource jobs to Asia.
The banking group plans to transfer around 4,000 jobs to India, China and Malaysia over the next two-and-a-half years.
UNIFI official Rob O'Neill said that the "gloves are off".
He said: "UNIFI has managed so far to ensure that there have been no compulsory sackings but the world's local bank has shown that if the job can be done cheaper somewhere else then they'll move it. It's profit before people. We will fight tooth and nail to get the bank to reconsider its actions."
UNIFI has said that it is "furious at the scale and pace of HSBC's cost-cutting". Up to 1,500 jobs will go in 2004, a further 2,000 in 2005 and around 500 in 2006.
Mr O'Neill added: "UNIFI will campaign with local communities affected by these redundancies, as well as consumer interest groups, and HSBC's customers.
"The world's local bank needs local people to deliver the high quality service its UK customers have come to expect. What is proposed is purely profit motivated and does not balance the interests of staff, local communities or consumers in the UK with those of shareholders. They might as well tear up any corporate social responsibility statements they make about caring for these stakeholders."
(gmcg)
The banking group plans to transfer around 4,000 jobs to India, China and Malaysia over the next two-and-a-half years.
UNIFI official Rob O'Neill said that the "gloves are off".
He said: "UNIFI has managed so far to ensure that there have been no compulsory sackings but the world's local bank has shown that if the job can be done cheaper somewhere else then they'll move it. It's profit before people. We will fight tooth and nail to get the bank to reconsider its actions."
UNIFI has said that it is "furious at the scale and pace of HSBC's cost-cutting". Up to 1,500 jobs will go in 2004, a further 2,000 in 2005 and around 500 in 2006.
Mr O'Neill added: "UNIFI will campaign with local communities affected by these redundancies, as well as consumer interest groups, and HSBC's customers.
"The world's local bank needs local people to deliver the high quality service its UK customers have come to expect. What is proposed is purely profit motivated and does not balance the interests of staff, local communities or consumers in the UK with those of shareholders. They might as well tear up any corporate social responsibility statements they make about caring for these stakeholders."
(gmcg)
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.