HSBC faces potential strike after further job cuts

The latest round of layoffs could be the last straw

HSBC’s three year cost-cutting plan has claimed 3,166 UK jobs. Following a similar cut this time last year the Unite union is considering a strike.

Unite's national officer, Dominic Hook has said: "Staff are at the end of their tether and we will be asking them in due course if they are prepared to take part in a strike ballot to oppose this unprecedented attack by this very profitable bank.".

According to HSBC the bank will create 2,017 new positions and expects to fill these with former employees, cutting the total loss to 1,149 positions.

HSBC's chief executive, Brian Robertson is “confident a significant majority will remain with the bank."

This is the newest round of cuts in the bank’s efforts to reduce its global workforce by 30,000 by the end of 2013. This still leaves HSBC as Europe’s biggest bank with over 47,000 employees.

We covered the cut of 2,200 jobs last year here

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Tony Blair won't endorse the Labour leader - Jeremy Corbyn's fans are celebrating

The thrice-elected Prime Minister is no fan of the new Labour leader. 

Labour heavyweights usually support each other - at least in public. But the former Prime Minister Tony Blair couldn't bring himself to do so when asked on Sky News.

He dodged the question of whether the current Labour leader was the best person to lead the country, instead urging voters not to give Theresa May a "blank cheque". 

If this seems shocking, it's worth remembering that Corbyn refused to say whether he would pick "Trotskyism or Blairism" during the Labour leadership campaign. Corbyn was after all behind the Stop the War Coalition, which opposed Blair's decision to join the invasion of Iraq. 

For some Corbyn supporters, it seems that there couldn't be a greater boon than the thrice-elected PM witholding his endorsement in a critical general election. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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