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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (30202)	10/17/2003 8:40:31 AM
From: T L Comiskey	Read Replies (1) of 89467

HSBC to cut 4,000 jobs in the U.K., move them to Asia (HBC, UK:HSBA) By Steve Goldstein LONDON (CBS.MW) -- HSBC (HBC) (UK:HSBA) said late Thursday that it will cut 4,000 jobs in Britain over the next three years and move them to Asia. The bank, which employs 55,000 in the U.K., said it will move processing and call center jobs to India, Malaysia and China starting in January. "As one of the world's largest financial services companies HSBC has a responsibility to all its stakeholders to remain efficient and competitive," said Bill Dalton, chief executive officer of the bank's U.K. consumer unit. The UNIFI union said it would try to prevent the move.

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