Business
Another Bank Looks Set to Cull Jobs
This follows Barclays announcing redundancies last month.
Nearly 30 jobs are at risk on the island as HSBC makes changes to its operations.
This follows Barclays announcing redundancies last month.
A total of 29 jobs are under threat due to the changes at HSBC, which will see two teams, one here and one in Jersey, merged into one.
The bank said: ‘New HSBC Expat customers are supported during the account opening process by two teams, one currently based in the Isle of Man. The change in our operating model will mean that HSBC Expat international customers are supported by just one team overseas.
‘This change will mean that 29 jobs will be placed at risk, 28 in the Isle of Man and one in Jersey. We are currently supporting colleagues who are impacted by these changes.’
