Job cuts at HSBC to hit Southampton staff (From Daily Echo)

is't it marvaless countrys like china, india, north korea, cuba, vietnam and austrilia have not gone into recession while the uk just gets deeper into it, with job loses.

southy wrote:
is't it marvaless countrys like china, india, north korea, cuba, vietnam and austrilia have not gone into recession while the uk just gets deeper into it, with job loses.

Yes Southy it is strange...but apart from Aus all of the other Countries you list have poor human rights, people down trodden by dictatorship rulers and are more likened to third world countries. Live there ??? I'll take the recession any day...but..well done Australia

I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m.

They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way.

Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again.

The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Lone Ranger wrote:

southy wrote:
is't it marvaless countrys like china, india, north korea, cuba, vietnam and austrilia have not gone into recession while the uk just gets deeper into it, with job loses.

Yes Southy it is strange...but apart from Aus all of the other Countries you list have poor human rights, people down trodden by dictatorship rulers and are more likened to third world countries. Live there ??? I'll take the recession any day...but..well done Australia

well have they. of what i been told by people coming here to go to uni, there human rights are just has good has what they are like in the uk, in fact vietnam and cuba have better human rights than the uk. and india are not to bad, i would agree with you on china there human rights have drop a lot, ie like the socialist party there have been under ground for the last 50 plus years,

ps lone ranger, austrialia has a socialist government in power, that still use the keysian policys, all those countrys that escape the recession all have socialism political policy in place. where if they need cuts they start at the top where the most can be saved and lest amount of damage done due to lost of its front line work force.

The Southampton Doom Bell sounds once again.

Who are the next victims for whom the bell chimes?

this economy has another thirty per cent to fall,the recovery is one big con job.

Urgh... HSBC... why can it not be those who lose peoples money, that get made redundant?? My children had money put into their child trust funds by my late mother. HSBC have lost over half of it (more than £600) in just two years. Some 'bank worker' told me that as the kids have till they are 18 until they can take out their money, there is a chance the stakeholder account could go up...wtf? In this country, the way it is going? How the heck can the money be replaced?

Can't say I have a lot of sympathy for bankers at the moment, but these people losing their job will not be the one's, who in my opinion stole the tax payers money,

I truly believe that now that we own nearly 80% of certain banks (RBS) directors and shareholders should not be given bonuses and dividends, the profits should given to local community groups nationwide to pour back into communities and make a difference for all, not just few rich people

More bank jobs going to India I expect and worse service for us customers.

My View from the Hill wrote:
Can't say I have a lot of sympathy for bankers at the moment, but these people losing their job will not be the one's, who in my opinion stole the tax payers money, I truly believe that now that we own nearly 80% of certain banks (RBS) directors and shareholders should not be given bonuses and dividends, the profits should given to local community groups nationwide to pour back into communities and make a difference for all, not just few rich people

Agree with you on the issue of bonuses, it's egg on the face of the taxpayers of this country who didn't ask for (or moreover, weren't given the chance to decide on) their money being used this way in the first place.

The government have been weak willed in preventing the culture from continuing in the instances where the companies are publically owned.

The sad fact of the matter is that poorly run banks should have been allowed to expire and new ones set up in their place, with any public liability being set up within the treasury.

However, as somebody who has just been made redundant after 8 years in the financial industry myself, I feel awful for the ordinary workers at HSBC who will be feeling the dread of the axe over the next few weeks, the vast majority of whom rely on their wages to feed their families and keep a roof over their heads.

AndyAndrews wrote:
More bank jobs going to India I expect and worse service for us customers.

Not necessarily, the last job I was at made sweeping reduncies at both our HQ in the UK (Salisbury) and our admin workers in India. It'll be simply a case of streamlining the business to make it more efficient.

The goverment says we have to spend our way out of recession.

Donald2000 wrote:
I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m.

They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way.

Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again.

The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Yes. Why only the other day, my bank cashier girlfriend came home and announced that in between serving old ladies who don't trust those new-fangled machines, and filling the cash machines for the weekend, she managed to engineer a multi-billion pound recession, just for a laugh. Thank goodness she's now losing her job, eh. That'll teach her.

Moron

My View from the Hill wrote:
Can't say I have a lot of sympathy for bankers at the moment, but these people losing their job will not be the one's, who in my opinion stole the tax payers money,

I truly believe that now that we own nearly 80% of certain banks (RBS) directors and shareholders should not be given bonuses and dividends, the profits should given to local community groups nationwide to pour back into communities and make a difference for all, not just few rich people

Well said. We actually own 84% of RBS now, according to latest figures, btw.

Donald2000 wrote:
I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m. They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way. Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again. The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Lets look at what these people did for a living, they worked for around £15k, they answered your queries on your balance, your mortgage and bailed you out of financial difficulty when you wanted an overdraft or a personal loan. They also listened to some (not all) poor excuses from people who couldn't keep up with repayments and complaints about how you normally get through to foreign call centres. Did they cause a ressession erm...no!
Thanks to their job losses you will now have to try and explain all your woes to those foreign call centres that you loath.
So Donald2000, i feel your comments are slightly exagerrated and far-fetched and terribly harsh for something that is genuinely upseting for all those people!Good luck to them all in finding employers that will look after them and value their positions!

Georgem wrote:

Donald2000 wrote: I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m. They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way. Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again. The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Yes. Why only the other day, my bank cashier girlfriend came home and announced that in between serving old ladies who don't trust those new-fangled machines, and filling the cash machines for the weekend, she managed to engineer a multi-billion pound recession, just for a laugh. Thank goodness she's now losing her job, eh. That'll teach her. Moron

I dont think there's any cause to call me names. I dont recall being rude to either you or your girlfriend.

The bankers have caused a billions of pounds recession exactly because of their reckless greed and refusal to see reason.

Seeing as I dont see that I mentioned your girlfriend in the general tone of my message I dont see that you have got any comeback. I would however castigate the executives of the banks whose greed has got us into this mess in the first place. Fortunately for you I wont sink to your level and call you names. Do have a nice evening.

hummm wrote:

Donald2000 wrote: I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m. They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way. Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again. The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Lets look at what these people did for a living, they worked for around £15k, they answered your queries on your balance, your mortgage and bailed you out of financial difficulty when you wanted an overdraft or a personal loan. They also listened to some (not all) poor excuses from people who couldn't keep up with repayments and complaints about how you normally get through to foreign call centres. Did they cause a ressession erm...no! Thanks to their job losses you will now have to try and explain all your woes to those foreign call centres that you loath. So Donald2000, i feel your comments are slightly exagerrated and far-fetched and terribly harsh for something that is genuinely upseting for all those people!Good luck to them all in finding employers that will look after them and value their positions!

The bankers have indulged in reckless greed and although it is not the fault of the ordinary employee, they should still be considerably downsized and reined in; I dont think there's anywhere in my comments that I genuinely condoned ordinary people losing their jobs, so there's no need for readers to get hysterical.

I am disgusted with some of the comments that people have put on here about the job losses at HSBC.
I myself am one of these people who were taken to a meeting this morning and told that I have lost my job.
I would like to clarfiy that the 'greedy bankers' who have been made redundant are earning between £14-17k per year, do shift work to answer your telephone calls when you are looking to take out a mortgage, banking product or have a general query about your accounts. My partner and I struggled to buy our first house together 2 years ago, had to have help from our families to do this and only just keep our heads above water each month so this has probably come at the worse possible time for us.
I think some of you are being high insensitive at a situation that was not caused by the banks, but by the majority of people not managing their finances properly, borrowing too much money and not being able to pay it back.
With regards to these huge bonuses that we are supposed to be getting, I would LOVE to be able to see these and so would my other colleagues as we are CERTAINLY NOT getting these.
No one has the right to say that we deserved/needed to be made redundant to rein in the banking sector. In fact I would like to remind people that HSBC are one of the only banks who have NOT had help from the government with being bailed out with tax payers money, unlike other banks.
I appreciate that people have opinons on things, however when it upsets people who have done nothing wrong in the first place, but have lost jobs and lively hoods, then I think these comments/opinions should be kept to yourself.
I pride myself working for HSBC and only hope I can find an internal job so I can continue progressing my career there.

Donald2000 wrote:

Georgem wrote:

Donald2000 wrote: I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m. They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way. Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again. The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Yes. Why only the other day, my bank cashier girlfriend came home and announced that in between serving old ladies who don't trust those new-fangled machines, and filling the cash machines for the weekend, she managed to engineer a multi-billion pound recession, just for a laugh. Thank goodness she's now losing her job, eh. That'll teach her. Moron

I dont think there's any cause to call me names. I dont recall being rude to either you or your girlfriend.

The bankers have caused a billions of pounds recession exactly because of their reckless greed and refusal to see reason.

Seeing as I dont see that I mentioned your girlfriend in the general tone of my message I dont see that you have got any comeback. I would however castigate the executives of the banks whose greed has got us into this mess in the first place. Fortunately for you I wont sink to your level and call you names. Do have a nice evening.

I'm happy to call you names.

You deserve name-calling because of your insesitive, holier-than-thou, pompous, comments on honest hard working folk who through no fault of their own are losing their jobs and likely will find it hard to get another with so many people already out of work.

You are a nincompoop.

You have an uncharitable mind in your attitude to others.

You are a gold-plated pr@t.

There are a lot more apt names where they came from. Just say the word and I'll launch them at you too.

Sw = burn-baby
cannot make up this stuff

Donald2000 wrote:

hummm wrote:

Donald2000 wrote: I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m. They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way. Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again. The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Lets look at what these people did for a living, they worked for around £15k, they answered your queries on your balance, your mortgage and bailed you out of financial difficulty when you wanted an overdraft or a personal loan. They also listened to some (not all) poor excuses from people who couldn't keep up with repayments and complaints about how you normally get through to foreign call centres. Did they cause a ressession erm...no! Thanks to their job losses you will now have to try and explain all your woes to those foreign call centres that you loath. So Donald2000, i feel your comments are slightly exagerrated and far-fetched and terribly harsh for something that is genuinely upseting for all those people!Good luck to them all in finding employers that will look after them and value their positions!

The bankers have indulged in reckless greed and although it is not the fault of the ordinary employee, they should still be considerably downsized and reined in; I dont think there's anywhere in my comments that I genuinely condoned ordinary people losing their jobs, so there's no need for readers to get hysterical.

"I dont think there's anywhere in my comments that I genuinely condoned ordinary people losing their jobs,"

Really????

Really????

So who exactly were you referring to when you wrote:

"The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society."

"All banks . . " equals the people who work in them.

Disingenuous Idiot.

Please bear in mind when commenting that these are people from our local community who are losing their jobs. They are not the banking giants, with their fat-cat salaries and gold-plated pensions. They are just ordinary, hard-working people, who are facing an uncertain future. People such as my young daughter, who don't need you, the smug reader, telling them that they deserved to be laid off. Have a little respect for them, as they try to come to terms with this. They may just be statistics to you, but they are real people, so please think before you write something which will make an already awful situation worse. Donald2000, what you may see as "hysteria" is a justified reaction to a very emotive situation ~ how would you feel if it were you? These people who have been "reined in" have got their own financial committments which still need to be met, and families to support. How would you feel if it were you?

anon1984 wrote:
I am disgusted with some of the comments that people have put on here about the job losses at HSBC. I myself am one of these people who were taken to a meeting this morning and told that I have lost my job. I would like to clarfiy that the 'greedy bankers' who have been made redundant are earning between £14-17k per year, do shift work to answer your telephone calls when you are looking to take out a mortgage, banking product or have a general query about your accounts. My partner and I struggled to buy our first house together 2 years ago, had to have help from our families to do this and only just keep our heads above water each month so this has probably come at the worse possible time for us. I think some of you are being high insensitive at a situation that was not caused by the banks, but by the majority of people not managing their finances properly, borrowing too much money and not being able to pay it back. With regards to these huge bonuses that we are supposed to be getting, I would LOVE to be able to see these and so would my other colleagues as we are CERTAINLY NOT getting these. No one has the right to say that we deserved/needed to be made redundant to rein in the banking sector. In fact I would like to remind people that HSBC are one of the only banks who have NOT had help from the government with being bailed out with tax payers money, unlike other banks. I appreciate that people have opinons on things, however when it upsets people who have done nothing wrong in the first place, but have lost jobs and lively hoods, then I think these comments/opinions should be kept to yourself. I pride myself working for HSBC and only hope I can find an internal job so I can continue progressing my career there.

Finally some sense!
Good luck to you all.
Donald2000 I think your comments maybe more useful directed at an article that is centered around 'bankers' redundancy or around the other two major factors in this glorious recession....People who don't pay off the debt for their extravagant spending and our very own government. Whilst I do agree partially with your comments, wrong place wrong time. Maybe a re-read of the article will do you some good!

Donald2000 wrote:
I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m. They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way. Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again. The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

This is a nonsense comment by someone who has too much time on their hands.

Banking is one of the very few things that Britain does export!

"the sooner that all banks crumble the better"

So when we live on a tiny overpopulated island that doesn’t produce anything anymore and the pound means nothing at all, all "the better". Unbelievable, no wonder our country is in trouble.

The questions that should be being asked is why these jobs are being moved to Leeds, and why a company the size of HSBC (that has faired rather well during the recession) is allowed to manufacture a situation that allows them to make workers redundant and simply replace them.

It seems that large companies who employ people to "bend" employment law seem to mysteriously benefit by reducing long term costs (like Pensions) and operating costs (like rent, incremental pay rises etc).

While there may be some that are on "as little as" 14k there are those that will be on more as they have worked there for longer. One thing is guaranteed. When they move these jobs to Leeds ALL of them will be on 14k

clausentum wrote:

Donald2000 wrote:

Georgem wrote:

Donald2000 wrote: I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m. They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way. Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again. The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Yes. Why only the other day, my bank cashier girlfriend came home and announced that in between serving old ladies who don't trust those new-fangled machines, and filling the cash machines for the weekend, she managed to engineer a multi-billion pound recession, just for a laugh. Thank goodness she's now losing her job, eh. That'll teach her. Moron

I dont think there's any cause to call me names. I dont recall being rude to either you or your girlfriend. The bankers have caused a billions of pounds recession exactly because of their reckless greed and refusal to see reason. Seeing as I dont see that I mentioned your girlfriend in the general tone of my message I dont see that you have got any comeback. I would however castigate the executives of the banks whose greed has got us into this mess in the first place. Fortunately for you I wont sink to your level and call you names. Do have a nice evening.

I'm happy to call you names. You deserve name-calling because of your insesitive, holier-than-thou, pompous, comments on honest hard working folk who through no fault of their own are losing their jobs and likely will find it hard to get another with so many people already out of work. You are a nincompoop. You have an uncharitable mind in your attitude to others. You are a gold-plated pr@t. There are a lot more apt names where they came from. Just say the word and I'll launch them at you too. Sw = burn-baby cannot make up this stuff

I am genuinely sorry for any distress that I caused.

I hope that your friends and family will be able to find jobs again elsewhere. Truly sorry.

Thank you.

bankers have brought this country to it's knees, do you really expect any smypathy. £750,000,000,000
is a lot of money to recover, it will take generations of decent hard working taxpayers money to repay this, because of the banking industries pure greed. Reap what you sew. welcome to the real world.

costa gaz wrote:
bankers have brought this country to it's knees, do you really expect any smypathy. £750,000,000,000 is a lot of money to recover, it will take generations of decent hard working taxpayers money to repay this, because of the banking industries pure greed. Reap what you sew. welcome to the real world.

Read the article...they really are real people in the real world...
you are right £750,000,000,000 is alot to recover however now there are 200 or so less hardworking people to pay it off?! guess it will take longer now...nothing to applaud!

Donald2000 wrote:

Georgem wrote:

Donald2000 wrote: I am not sorry about the loss of banking jobs. Banking is one of those things that has been eulogised by this lacklustre government and has been subject to a series of bailouts, including the latest one promulgated by the Treasury for £38m. They dont produce anything of value; anything they do produce is based on speculation and the strange view of the future that everything will continue to expand, including house prices. Bad news for the bankers. The economy does not act in that way. Bankers do not produce wealth any more; in fact they have caused the deepest recession for hundreds of years. Their reward is to be bailed out time and time again. The time is long gone that we should mourn these parasites on society and the sooner that all banks crumble the better; all are a carbunkle on the face of society.

Yes. Why only the other day, my bank cashier girlfriend came home and announced that in between serving old ladies who don't trust those new-fangled machines, and filling the cash machines for the weekend, she managed to engineer a multi-billion pound recession, just for a laugh. Thank goodness she's now losing her job, eh. That'll teach her. Moron

I dont think there's any cause to call me names. I dont recall being rude to either you or your girlfriend.

The bankers have caused a billions of pounds recession exactly because of their reckless greed and refusal to see reason.

Seeing as I dont see that I mentioned your girlfriend in the general tone of my message I dont see that you have got any comeback. I would however castigate the executives of the banks whose greed has got us into this mess in the first place. Fortunately for you I wont sink to your level and call you names. Do have a nice evening.

A blanket statement about a set which includes her suffices, thanks. Presumably, if you were to use racial slurs and say "all n*****s are thieving rapists" you'd be perfectly at liberty to, since you hadn't actually been rude and judgemental about a named individual? Nope, of course not. It is not for you to decide whether another has recourse to take offence at your comments, that "right" belongs in the playground where we used to shout "no returns!" at each other. As for my fortune in avoiding a name-calling from you, I couldn't care less. I do not generally indulge in name-calling myself but your comment was so outrageously ill-informed and reactionary I felt it justified. Feel free to call me any names you wish, the opinions of me held by armchair experts on the world such as yourself is supremely trivial.

Since it is the executives who have caused the mess we are in, may I suggest you reserve your contempt for same, and realise that those people are not the ones now facing job loss at their hands.

costa gaz wrote:
bankers have brought this country to it's knees, do you really expect any smypathy. £750,000,000,000
is a lot of money to recover, it will take generations of decent hard working taxpayers money to repay this, because of the banking industries pure greed. Reap what you sew. welcome to the real world.

Yes, the evil, scheming branch staff who earn a pittance for a thankless job, who had no responsibility for the recession whatsoever deserve everything that's coming to them, don't they!

Another ill-informed fool, symptomatic of the trend toward scanning headlines looking for excuses to vent half-baked opinions from the comfort of behind a keyboard, rather than waste precious TV time actually reading the stories.

I have already apologised for my thoughtless remarks, thank you.

I hope that all may find jobs and wish everyone the best. I am sorry for my previous ill-thought out remarks.