HSBC: Offshoring

Department for Business, Innovation and Skills written question – answered on 23rd May 2016.

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Photo of Paul Blomfield Paul Blomfield Labour, Sheffield Central

To ask the Secretary of State for Business, Innovation and Skills, whether he had discussions with HSBC before its announcement of 16 May 2016 on moving offshore 490 roles currently based in Sheffield; and if he will make a statement.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

This is a commercial matter for HSBC – Ministers in the Department had no discussions with HSBC prior to their 16 May 2016 announcement. We recognise that this will be a worrying time for the workforce and, since HSBC’s announcement, I have spoken to the Sheffield City Region Local Enterprise Partnership who will now be working with local partners to ensure that suitable support is available for any HSBC worker made redundant as a result of this announcement.

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