PN Calls For Fair Treatment Of HSBC Employees, Shareholders

The Nationalist Party has voiced strong concern over the ongoing situation following HSBC’s decision to leave Malta.

When the decision was first made public, employees were reassured that their jobs were not at risk.

However, they have now been informed that their roles are only guaranteed for the next two years, creating serious uncertainty for them and their families.

The Nationalist Party highlighted that employee contracts included a clause entitling them to fair compensation if HSBC were ever to exit Malta. The bank now seems unwilling to honour this agreement.

As a result, the union representing HSBC staff, MUBE, has announced a third round of industrial action to defend its members’ rights, based on a written agreement covering such scenarios.

It is unacceptable, the party said, that HSBC, which sold its shares to Credia Bank for just €0.79 each, is now being inflexible with employees who have always served the bank with loyalty.

The Nationalist Party called on both HSBC and Credia to review their stance in the best interest of workers.

The party also criticised the offer made to minority shareholders, many of whom are pensioners and small investors, noting that HSBC’s own audited figures show a net asset value of €1.71 per share as of 30 June 2025. It urged Credia Bank to improve its offer accordingly.

This was expressed in a statement signed off by PN Shadow Minister for Finance Adrian Delia, along with Shadow Minister for the Economy and Enterprise Jerome Caruana Cilia and Shadow Minister for Employment, the Maritime Sector and Aviation Ivan Castillo.

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