HSBC Malta is experiencing service disruptions due to a staff strike staged by employees over compensation details tied to the bank’s sale to Credia Bank. The strike, directed by the Malta Union of Banking Employees, began at 12:30 PM, with staff logging off systems and banking communications. The union is demanding negotiations over the Benchmarking Exercise and compensation claims, raising concerns that HSBC Malta may not have disclosed all relevant details to its bidders.
This industrial action follows the union’s previous concerns about the bank’s sale to high-risk bidders. As a result, some HSBC services in Malta may be unavailable during the strike period. The situation highlights the ongoing tensions between the bank’s management and employees regarding the sale’s implications on staff compensation and working conditions.
