BASED ON AN ANNOUNCEMENT FROM SALINAS-BASED H.S.B.C., ALL 1 THOUSAND EMPLOYEES MAY BE ABLE TO STAY EMPLOYED. THAT’S BECAUSE THE COMPANY IS SELLING ITS CREDIT CARD DIVISION TO CAPITAL ONE, AND THE H.S.B.C. EMPLOYEES WILL REPORTEDLY BE GIVEN THE OPPORTUNITY TO WORK FOR THE NEW COMPANY.
IN FACT, CAPITAL ONE PLANS TO TAKE CONTROL OF 8 FACILITIES, AND OFFICIALS SAY THEY PLAN TO OFFER JOBS TO ALL 53 HUNDRED EMPLOYEES IMPACTED BY THE CHANGEOVER. H.S.B.C. HOPES TO HAVE THE SALE FINALIZED BY THE MIDDLE OF NEXT YEAR.
