Thread: Another reason to avoid HSBC
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Old 17-03-2005, 01:42   #32
SMHarman
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Re: Another reason to avoid HSBC
Quote:
Originally Posted by scrotnig
Except ntl of course who offshored the Freedom sales line....
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So we either have no companies based here, therefore no jobs, or we have companies based here but not employing any staff here, therefore no jobs.

Unfortunately neither model is sustainable and something will have to give at some point.

An economy will not survive if all its inhabitants are on the dole.
Well the illegals will go to France....

But realistically banks need to maintain a branch network and other functions on shore so the 0 staff scenario is not realistic. Also looking at oter posts in this thread about ofshoring IT, the cost benefit has already swung back to UK onshoring, this will happen with the current ofshoring trend.
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