Sunday, 31 July 2011

HSBC redundancies

Reuters have reported that HSBC will be laying off thousands more employees due to the poor economic recovery and tougher banking regulations. It’s reported that these cuts will save HSBC around £9million.

With banks reporting multi-billion pound losses there are many changes set to take place in the banking sector, with job security for bankers nothing more than a distant memory. Whatever bank the employees work for, this latest round of HSBC redundancies has the employees facing a very uncertain future.

With the whole global economic melt-down, employment in most sectors is very insecure and is leading more and more redundant workers to turn to working for themselves in their own home based business. For one story of redundancy to successful home based self-employment visit   

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