‘Regrets’ over HSBC job cuts

Friday 4th September 2009, 3:00PM BST.

HSBC Offshore Islands chief executive officer Martin Spurling

HSBC Bank International says it ‘deeply regrets’ having to make job cuts in its offshore businesses.

Yesterday, the company announced that it was restructuring and that 35 jobs ‘may’ have to be lost in the Island. A total of 86 employees could be affected throughout Jersey, the Isle of Man and its other overseas operations.

In a statement released to the media following the news, HSBC Offshore Islands chief executive officer Martin Spurling said that HSBC had not been immune to the global financial crises.

He said: ‘We deeply regret the impact of these changes on some of our people, but we consider the best changes essential to ensure our business is operating as efficiently as possible.’

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