100 Sheffield jobs may go in bank restructure

File photo dated 22/07/11 of a branch of the HSBC bank. The banking giant today confirmed 2,217 job losses in the UK. PRESS ASSOCIATION Photo. Issue date: Thursday April 26, 2012. See PA story CITY HSBC. Photo credit should read: Sean Dempsey/PA Wire
File photo dated 22/07/11 of a branch of the HSBC bank. The banking giant today confirmed 2,217 job losses in the UK. PRESS ASSOCIATION Photo. Issue date: Thursday April 26, 2012. See PA story CITY HSBC. Photo credit should read: Sean Dempsey/PA Wire
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AROUND 100 jobs ‘could’ go in Sheffield as a banking giant sheds thousands of posts in a nationwide restructure.

HSBC said some roles in the city’s call centre and non branch operations would be affected by the move - to reduce layers of management and bureaucracy - but the total would ‘not be significant’.

Staff are likely to be redeployed elsewhere rather than leave.

A spokesman said ‘it could be around 100 jobs that will go’ in Sheffield. Discussions are ongoing and the true figure will not be known until redeployment was complete.

She added: “It’s a small proportion of the total workforce.”

HSBC employs about 1,000 people in Sheffield excluding those at its branches - which are largely unaffected by the changes.

It has offices on Pinfold Street, Silver Street Head and Hoyle Street in the city centre.

Griffin House on Silver Street Head is HSBC’s centre of IT excellence.

The majority of roles to be cut - a total of 3,167 across the UK - are expected to be in senior or middle management.

The Unite union said it was consulting with members on the ‘shocking’ announcement and would fiercely campaign against job losses.

National officer David Fleming said: “There is no justification for this awful treatment of staff.

“How can the bank announce 3,167 staff cuts when it was the workforce that delivered it a profit of £13.8bn last year?”

HSBC announced last year there would be 30,000 fewer roles in the bank worldwide by the end of 2013.

No branches will close, a statement added, and few ‘customer facing’ staff would be affected.

Joe Garner, head of the UK bank, said: “I feel the deepest sympathy for those colleagues who are affected by these changes and would like to stress that we will be doing everything we possibly can to support them over the coming months.

“Our immediate focus is to try to help those colleagues impacted to find alternative roles within the bank.

“We have tried to keep the number of people who will be leaving the bank to a minimum.

“Additionally, we have gone to great lengths to maintain full support for our customers - with only a small proportion of frontline customer service colleagues being impacted by these changes.”