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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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Posts Tagged ‘ jobs ’

11 September
Posted in Afterthoughts
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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 [...]

28 July
Posted in Jobs and Layoffs
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HSBC may cut 10,000 more employees, has a problem

HSBC said it will also sell, shut or slim down retail operations in 39 markets, where operations are sub-scale and unprofitable and is looking to sell its U.S. credit card arm and shrink its network of 475 U.S. branches.

31 May
Posted in General News
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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 [...]

27 October
Posted in Jobs and Layoffs
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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. [...]

24 October
Posted in Jobs and Layoffs
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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 [...]