Unions to meet HSBC UK chiefs

Tim Wallace
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UNION leaders representing staff at HSBC will meet the bank’s UK boss Antonio Simoes on Monday, officials said yesterday, to discuss the planned 8,000 job cuts.

Unite the Union’s Dominic Hook said he wants to minimise compulsory redundancies.

“HSBC does not have a voluntary redundancy policy, so that is near the top of our list [of requests.] We want it to be done properly so those who want to stay can stay,” Hook told City A.M.