Unite's reaction to job cuts at HSBC's investment banking division

26 September 2008

Unite's joint general secretary, Derek Simpson says, "We are now seeing the human cost of the credit crunch. We need action to end this crisis. This situation should never happen again and that's why the financial services needs to be regulated more effectively. We welcome Gordon Brown's efforts to secure an international regulatory regime. This is a global crisis and it requires an international solution."

ENDS

Contact: Ciaran Naidoo 07768 931 315