Have better deal for HSBC’s staff, urges union

KUCHING: Sarawak Bank Employees’ Union (SBEU) is calling on HSBC Bank to give a better deal to its staff who will be affected by the bank’s decision to close down its commercial banking business in the state.

Chief executive officer Andrew Lo said the union would not stop its picketing until HSBC offered a voluntary separation scheme (VSS) that was higher than the present offer of 1.4 times’ monthly salary for each year of service, with a cap of 36 months.