One of Britain's biggest banks is reportedly considering a wave of job cuts amid a number of moves to its Paris head office. HSBC is proposing large-scale cuts alongside relocating more roles from London to France as it continues its restructuring of the business, according to the i. An insider at the banking giant said moves towards making a major announcement on job losses have begun, with some departments already being affected by redundancies. The source said staff are expecting cuts to be in the thousands. It added that many of the vacant positions at the GCB 4 level – commonly known as vice president roles in other banks – have been taken down from its internal careers board as part of a potential hiring freeze. The source said: “A hiring freeze and the support sessions are the pieces of the jigsaw the bank always puts in place before announcing a major round of job cuts. It’s what’s happened in the past, and it appears to be happening again. … [Read more...] about HSBC poised to make fresh wave of job cuts as part of latest restructuring plans
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As many as 14.3million people are being warned to check their tax codes over concerns they could be overpaying to the tune of hundreds of pounds a year. Worrying new figures show payslip errors could be leaving workers deeply out of pocket - with many unaware of incorrect deductions or that they could be on the wrong code entirely. That's according to accountancy software firm QuickBooks UK which claims 18% of employees - 5.9 million - fail to check their payslip each month while 22million believe tax errors are not their responsibility. Tax codes apply to everyone who's employed or in receipt of a private pension. Each person's reference will reflect their own circumstances, such as what benefits they pay and whether they receive any relief. In the UK, a quarter of all employees have four or more regular deductions from their gross pay, such as travel loans, childcare vouchers, student loans, gym memberships and medical insurance, which can account for many of these errors. "Many of … [Read more...] about Payslip errors mean 14m could be paying extra tax – how to check if you are
The German national healthcare system is the oldest in the world, but many are asking if a service created in the 19th century is meeting the needs of the 21st. A major focus on speedy surgeries, short waiting times and easy access to doctors and specialists diverts money away from long term care at a time when Germany's elderly population is growing rapidly.At one of the capital's biggest and busiest hospitals, Helios Berlin-Buch, we see the side of health care this country is best known for.Efficiency has literally been built into the structure of the building. Operating theatres have been constructed next to each other so doctors can move between them and carry out multiple surgeries.Hidden corridors allow seriously ill patients to be transported quickly away from the bustle of visitors. And here, you'd struggle on almost any day of the year to see patients waiting in the corridors for beds. Advertisement "It happens very seldom," the medical director tells me. "The odd … [Read more...] about Does German healthcare sacrifice care of the elderly in pursuit of efficiency?
Hundreds of jobs are set to be axed at Clydesdale and Yorkshire Bank (CYBG) on the back of a £1.7billion takeover last year. In a statement today, the company confirmed 330 more job cuts and a number of site closures. Unite national officer Rob MacGregor said: “Unite is deeply alarmed that as CYBG and Virgin Money approach formal integration the business has decided to cut 330 roles and close a number of sites. “The integration which is due to take place in October 2019 will clearly require some restructuring within the two existing businesses." It comes after CYBG acquired Virgin Money in a £1.7 billion deal last year - placing 1,500 jobs on the line. By the end of 2021, Clydesdale and Yorkshire Banks, as well as app-based bank B, will all be rebranded as Virgin Money. "The scale of job losses and site closures announced today will come as a shock to colleagues," MacGregor added. "The personal cost of these plans will be major for staff. Unite is concerned … [Read more...] about Virgin Money UK to axe 330 more workers in new wave of bank closures
It will be a relief to the Aboriginal and Torres Strait Islander health services that the minister for Indigenous affairs has announced they will be funded for another three years. This is good news: community-controlled health services get the best health outcomes and employ the most Indigenous people. But the government’s announcement is coinciding with the cutting of funds in other areas that are also critical in overcoming Indigenous disadvantage – areas that also employ large numbers of Indigenous people. The announcement yesterday that the National Aboriginal and Torres Strait Islander Legal Services (Natsils) will be closing because of funding cuts is very bad news for Indigenous communities across the country. It’s not like we didn’t know it was coming. In last year’s budget, $13.4m was cut from the budget of Aboriginal legal services, a 20% cut. Those cuts are starting to pinch now and Aboriginal legal services around the country are having to … [Read more...] about We won’t overcome Indigenous disadvantage by cutting legal services