| Siti Hajar |
FOLLOWING HSBC’s decision to wind down operations in the country, the future of hundreds of banking staff are hanging in the balance.
The bank said it will be offering a “fair redundancy package” to soften the blow of potential job losses expected to take place over time.
In an e-mail interview, an HSBC spokesman said that the number of impacted staff has yet to be determined due to the nature of the gradual wind-down that will see the down-sizing of operations.
“All impacted staff will be treated fairly and in line with our group values and statutory requirements,” he said, but did not state the details of what these redundancy packages will include.
Meanwhile, banking staff, when contacted by the Bulletin, said that they have been notified of their redundancy options but declined to share any further details.
As for customer concerns, the spokesman said HSBC aims to minimise the impact or inconvenience caused by the bank’s decision and, “is committed to helping customers with a smooth transition process to another bank”.
In its website, HSBC Brunei advised customers to correspond with other banks and customers will eventually be required to move their accounts and facilities but the bank will continue to service existing customers until further notice.
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