‘Regrets’ over HSBC job cuts

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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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