HSBC decisions reflect current economic woes

WK in Illinois said “I have followed HSBC/Household Watch for some time and I spent 10 years there as an employee before I was “retired” in 2006. It is interesting to read accounts about how HSBC deemed the purchase of Household International a bad decision. It’s nice of them to finally admit it.

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Notification of foreign call center transfers

Here is some news that will certainly effect HSBC in the United States. In a bid to reduce outsourcing of U.S. jobs, a Democratic senator said on Sunday he will push legislation to make companies inform customers when their calls were being transferred outside the United States and charge companies for those transferred calls.

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HSBC terminations and cost cutting questioned

Submitted and posted: “I find it to be absolutely absurd to be working for such a company. I have seen this company over the past 5 years hire people into BSM positions who are inadequate and not trained correctly, rushing top performers into positions they have no business belonging in. I have also seen BSM’s getting removed or fired within the past 2 years who have been hard-working, honest, loyal individuals but got no respect from the people in the ivory tower.

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HSBC layoffs in Kentucky to include DSM

RE: HSBC employees and HFC Beneficial :: Apparently word through the grapevine (aka A VERY credible source) in Kentucky is there will be at least 1-2 offices in each district (Kentucky East and Kentucky West) closing by the end of November. This information is inadvertedly confirmed through the due dates of the Performance Management Reports (for employees) are being moved to be completed in early November, rather than their normal due dates of the end of December.

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