Internal restructuring
United Kingdom
Location of affected unit(s)
London, Leeds, Birmingham, Sheffield, Chester
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

500 jobs
Number of planned job losses
Job loss
Announcement Date
1 December 2008
Employment effect (start)
Foreseen end date


HSBC, one of Britain's largest banks, has announced that it is to cut 500 jobs across the UK. The jobs will be lost at offices in London , Leeds, Birmingham, Sheffield and Chester, although no retail customer-facing jobs in branches or call centres will be lost.The company employs 330,000 people worldwide, although it is not known how many of these work in the UK. As of 7 December 2008, no information has been given as to when the job cuts will occur.


  • 1 December 2008: The Guardian
  • 1 December 2008: BBC News


Eurofound (2008), HSBC, Internal restructuring in United Kingdom, factsheet number 67573, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67573.