Results tagged “job cuts”

Redundancies in Canary Wharf and the City have eaten away at tube usage in London.

Transport for London suffered its biggest year-on-year fall in underground passengers for 20 years in August, dropping 190,000 passengers compared to the previous year.

HSBC is to inform 1,200 UK staff they face the threat of redundancy in the next 12 months.

Many of the cuts will hit back office staff in locations such as Leamington Spa and Newport, but the bank confirmed under 100 would be based at its Canada Square headquarters in Canary Wharf.