HSBC ‘no retrenchments’ claim a lie, says union


Timothy Achariam

The National Union of Bank Employees says a HSBC Bank memo to employees states that those who do not sign up for VSS may be subjected to redeployment, relocation and redundancy. – EPA pic, November 22, 2019.

HSBC Bank is lying about there not being a retrenchment exercise following its decision to outsource functions to foreign and local vendors, said the National Union of Bank Employees (NUBE).

The union, in a statement, said HSBC is making the retrenchment move look like a voluntary separation scheme (VSS).


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!



Sign up or sign in here to comment.


Comments