Cost-cutting measure? HSBC tells more than 100 staffers in Malaysia of Accenture ‘transfer’
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Employees reportedly assured they will have jobs with the global professional services and technology firm as HSBC shifts some backend operations KUALA LUMPUR – A sizable number of HSBC employees in Malaysia have been told they will be transferred to Accenture, the global professional services and technology company, as the banking group moves to reshape parts of its local operations, Scoop understands. The development was communicated to staff during a town hall meeting this week, with management assuring employees that "they will all have a place" under the new arrangement. Scoop understands that discussions on salaries and remuneration packages are already under way, although the number of employees affected by the proposed transfer remains unclear. HSBC has about 6,000 employees in Malaysia, with a significant portion working in backend operations and shared services, including through HSBC Electronic Data Processing (Malaysia) Sdn Bhd (HDPM). 'Proposed transfer' The proposed transfer has left some employees uncertain about their future, particularly those who have spent many years with HSBC. One employee, speaking on condition of anonymity, described the announcement as "surprising". "We had heard whispers about retrenchments earlier this year, but no one expected a wholesale transfer. For many of us who have been with HSBC for many years, it's hard to imagine starting...
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