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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Gerald Kaufman dies aged 86

Before becoming an MP, Kaufman's varied career included a stint as the NS' theatre critic.

Gerald Kaufman, the Labour MP for Manchester Gorton and former theatre critic at the New Statesman, has died.

Kaufman, who served as the MP for Manchester Gorton continuously from 1970, had a varied career before entering Parliament, working for the Fabian Society in addition to his flourishing career in journalism and as a satirist, writing for That Was The Week That Was and as a leader writer on the Mirror. In 1965, he exchanged the press for politics, working as a press officer and an aide to Harold Wilson before he was elected to parliament in 1970.

Upon Labour’s return to office in 1974, he served as a junior minister until the party’s defeat in 1979, and on the opposition frontbenches until 1992, reaching the position of shadow foreign secretary. In 1999, he was chair of the Man Booker Prize, which that year was won by JM Coetzee’s Disgrace.

His death opens up a by-election in Manchester Gorton, which Labour is expected to win. 

Stephen Bush is special correspondent at the New Statesman. His daily briefing, Morning Call, provides a quick and essential guide to British politics.