HSBC UAE lays off 90 employees - report

Posted by: mohammed Thursday, 20 August 2009 11:08 PM[UAE] - u.a.e

This article is a real wrong information misguding the people.You guys should do your homework well.I work for the same bank and ma colleagues faced this unfortunate situation and were given only 3 months salary as a severance package. Kindly stop giving wrong information and do your homework well next time!!!

Posted by: Just Indifferent Tuesday, 18 August 2009 8:08 PM[UAE] - UAE

Dear All, It was really shocking when the news was broken. But then when you calm down and think, its business at the end of the day and not a charity organization. People are cutting corners to make ends meet so are the businesses. Its fair enough. It would really be difficult for a few months, till I find something that matches my skill set, InshAllah, but this is not the end of the road. The severance pay for me at least was not 6months so, will not be able to confirm for others. If we were asked to leave as soon as the news was broken, its justified after all its a matter of security and to safe guard customer information which might be yours!! So lets move ahead and not call each other names. Wish me Luck everyone so that I get something really interesting that I love to do before Ramadan gets over.

Posted by: outraged Sunday, 16 August 2009 11:53 AM[UAE] - uae

Bob and David, you are the pits man! The least you can do is sympathise with those laid off......its loss of valuable and competent human resource.It's bcoz of inconsiderate,greedy and selfish people like you in some part of the world that others not related to this entire mess are affected.

Posted by: Jack Black Sunday, 16 August 2009 10:03 AM[UAE]

Sorry to hear about your friends, but the truth about this banks in the UAE/World especially in their credit department are as far fetch from being excused as a human being or a valued part of the country. There are more than 10,000 expatriates and locals, big and small businesses alike in the UAE who got themselves into bank-related financial troubles for the last couple years. Let?s remember our friends now who got bag because a credit collector went after them for there, even less than $500, overdue bill. You guys are ruthless. They are the one who?s supposed to be helping us in times of financial difficulties. Let?s face it, we? rather, some of us are not really an expert when it comes to our finances, some of us are clueless. But this banks employees? lack of ability to care about people and the bank collectors, only thinking about the percentage they?ll get every collections, I really don?t think I feel sorry for them. I feel sorry for those they screwed-up. They will harass you, call your management, your friends, they?ll call your mother, and they?ll even send the police just to get you really-really screwed. And they?ll laugh and talk about it over lunch.

Posted by: HSBC Thursday, 13 August 2009 10:20 PM[UAE] - UAE

The numbers are completely wrong, it's somewhere between 150 to 300, even HSBC employees don't know the total numbers. It's definitely not 90! Don't know from where they got this false information about the severance package! Those made redundant received three months only like most of the companies in the UAE, no further privileges were given. The above is 100% correct information?.Arabian Business, pls do your homework! Bob & David - These are our friends and colleagues who got laid off and the bank took a business decision due to the significant drop in business. So at least have the decency to respect them and their families. Sayed ? this was really the quote of the day ? This property madness has to stop now and come down to reasonable level so we can overcome the financial crises? your comment only shows your level of knowledge and your business/economic understanding. So a further drop in property prices would save us from more lay offs. I?m surprised you haven?t been laid off till now!