HSBC data switch job loss 'very few' - Business First of Buffalo:

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The financial services company, including , has abougt 6,000 employees in Buffalo and the surrounding Relocation of the functions that supportthe U.S. bank and whichg have been housed in the Buffal o area since 2001 is part of a consolidationm of data processing in the Chicago area wher two advanced data centers have been said spokesman Wen Huangin Ill. While the number of employee to be affected is still being Huangsaid “existing technologuy personnel will continue to support the systemds from Buffalo” after The move, which is expected to occufr in the second half of the year and be complete by the end of 2010, will involvew “some positions and equipment,” Huang said.
“We are still evaluatingb options on how to best utilize the Amherstt facility in aneffectivew way, but that decision is not expectee for some months,” he said. The consolidation is beint done for better operational efficienchy andimproved cost-effectiveness, Huang said. The company, he “remains committed to Buffalo as an important hub of operations andcustomer services.” The U.S. banking unit of which is part ofthe London-bases global financial services giant , was founded in Buffalo in 1850.
Until 1999, when the name change d to HSBC, it was Marine Midland