HSBC cuts salary of contract staff but not perm staff
By scheng1
@scheng1 (24649)
Singapore
October 16, 2015 9:25am CST
I think the new CEO of HSBC is really useless.
He wants to cut the salary of contract staff but not permanent staff. He also orders the contract staff to take 2 weeks unpaid leave.
If he orders to cut the salary of perm staff, that means he has to cut his own salary.
How can such a useless person get hired as a CEO?
The bank broke the news to staff at its investment banking division last week and told managers that there would be ‘0 per cent exceptions’
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1 response
@PainsOnSlate (21845)
• Canada
16 Oct 15
HSBC was bought out by the bank I used in the states. I had no problem with HSBC in NY but I like the new one better.
@scheng1 (24649)
• Singapore
16 Oct 15
I think the way they treat the employees really sucks.
Now is the time when people need money most, and asking contract staff to take 2 weeks of unpaid leave, and accept 10% salary cut is too much.
According to the report, some contract staff have been with the bank for years, and they are no less valuable than permanent staff.
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