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HSBC to cut 90 jobs with closure of Stirling technology base

Banking giant is moving around 70 IT roles from Scotland to India, China and Poland.

HSBC: Banking giant vowed to redeploy employees 'where possible'. <strong>Joe Giddens / PA Wire</strong>
HSBC: Banking giant vowed to redeploy employees 'where possible'. Joe Giddens / PA Wire

Banking giant HSBC has announced it is cutting around 90 technology jobs with the closure of its base in Stirling.

The firm said on Friday that around 70 of these positions, described as ‘non-customer-facing IT roles’, would be moving to other sites across the world in India, China and Poland.

Around 16 employees based at the facility in Stirling are at risk of redundancy as part of the move.

HSBC said the remaining Stirling jobs would be relocated, with 100 being transferred to its Lochside Way office in Edinburgh and another 13 being relocated across the UK.

The bank will retain 26 technology staff at a new office in Stirling, it confirmed.

Last year HSBC stated it needed to cut £3.3bn a year by 2017 as it looks to improve profits.

John Hackett, chief operating officer of HSBC Bank plc, said: “As a global organisation, we constantly review roles to make sure they are in the right location. 

“We will do all we can to support our colleagues through these changes, which will take place by the end of 2017. We will continue to employ more than 3700 individuals in Scotland and will look to redeploy impacted employees wherever possible.”


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