HSBC moves more jobs to India


Banking giant HSBC bank has announced the loss of 3,500 UK head office and support role jobs, with 500 of the positions being shifted to call centres in India and Malaysia.

The move follows HSBC’s announcement last October that it plans to offshore 4,000 UK jobs to India, Malaysia and China.

The bank is hoping that redeployment and natural wastage will account for a significant proportion of the lost jobs.