HSBC CEO’S STATEMENTS TO STAFF FAR FROM CORRECT

DECEIVING STATEMENTS WHEN TELLING STAFF THAT ‘UNIONS SEEK MEDIATION EVERY 5 MINUTES’ NOT TELLING STAFF THAT MANAGEMENT REJECTED MEDIATION DURING CRUCIAL MOMENTS WHEN TRYING TO CONCLUDE NEGOTIATIONS ON MORE THAN ONE OCCASION MUBE is seriously concerned and worried with the CEO’s INCORRECT and UNTRUE statements

INDUSTRIAL ACTION STEPPED UP AT HSBC

MUBE meeting with HSBC members of staff. Circa 500 employees attended the meeting. The GWU were also invited to attend. In view of the fact that HSBC has chosen to threaten Lock Out instead of sending concrete counter-proposals, following the support shown by the absolute