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HSBC bank workers close the tills

Issue No. 1952

Thousands of workers at the giant HSBC bank are set to strike over pay on Friday of next week. The Amicus members voted by two to one in favour of striking.

One HSBC worker said, “The management have imposed pay deal that means 45 percent of staff will get a below inflation pay increase. A further 10 percent will get no increase.

“There are other issues fuelling the dispute, such as a new bonus scheme that will see majority of staff getting a lower bonus than before. There are also problems with staffing levels, branch closures and jobs moving offshore.

“Next Friday’s strike will hit the bank hard, as it is just before the bank holiday and will result in a four-day closure. It is also the day of HSBC’s annual general meeting, where all the shareholders will be.”

The union is planning a demonstration outside that meeting. HSBC’s shareholders certainly aren’t short of money — the bank announced annual profits of £9.6 billion earlier this year.

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Sat 21 May 2005, 00:00 BST
Issue No. 1952
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