In an effort to improve efficiency in servicing operations HSBC Finance Corp. has announced plans to close its Net Park facility in Tampa in mid-2010.
A quarterly filing with the Securities Exchange Commission on Tuesday revealed, among other things, that HSBC had spent the last two years examining ways to reduce the capital and liquidity requirements of its operations and the closure of the Net Park facility fit that goal.
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The consumer and mortgage lending business has said most of the job positions will be moved to the existing facility in Brandon, Florida about eight miles away. That facility will remain open to serve the company’s secured default operations.
According to HSBC spokeswoman Kate Durham the Brandon facility currently houses about 700 positions and should be able to accommodate the 400 positions affected by the Net Park closing.
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