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

1,149 jobs
Number of planned job losses
Job loss
Announcement Date
23 April 2013
Employment effect (start)
24 April 2013
Foreseen end date
30 April 2016


HSBC has announced that it is to cut 1,149 jobs in the UK as part of a new 3-year restructuring plan.  A total of 3,166 jobs will be affected by the restructuring plan but 2,017 staff is expected to be redeployed while 1,149 jobs are expected to be lost.  These job losses come on top the 2,200 job cuts announced last year (HSBC-UK2012). 


  • 23 April 2013: Reuters


Eurofound (2013), HSBC, Internal restructuring in United Kingdom, factsheet number 75298, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75298.