DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-94,421

HSBC TECHNOLOGY AND SERVICES, USA (HTSU)
RISK DIVISION
A SUBSIDIARY OF HSBC NORTH AMERICA HOLDINGS INC.
DEPEW, NEW YORK

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor herein
presents the results of an investigation regarding certification
of eligibility to apply for worker adjustment assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the workers
in such workers' firm have become totally or partially
separated, or are threatened to become totally or
partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of articles
or supply of services like or directly competitive with
those produced/supplied by the workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on December 21, 2018 by a one-stop operator/partner on
behalf of workers of HSBC Technology and Services, USA (HTSU),
Risk division, a subsidiary of HSBC North America Holdings Inc.,
Depew, New York (HTSU).
The workers are engaged in activities related to the supply
of financial services.
During the course of the investigation, information was
collected from the petitioner and the workers' firm.
Section 222(a)(1) has been met because a significant number
or proportion of the workers at the subject firm have become
totally or partially separated, or are threatened to become
totally or partially separated.
Section 222(a)(2)(B) has been met because the workers' firm
has shifted to a foreign country the supply of services like or
directly competitive with the services supplied by the subject
workers which contributed importantly to subject worker group
separations at HTSU.
Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of HSBC Technology and
Services, USA (HTSU), Risk division, a subsidiary of HSBC North
America Holdings Inc., Depew, New York, who are engaged in
activities related to the supply of financial services, meet the
worker group certification criteria under Section 222(a) of the
Act, 19 U.S.C. § 2272(a). In accordance with Section 223 of the
Act, 19 U.S.C. § 2273, I make the following certification:
"All workers of HSBC Technology and Services, USA (HTSU),
Risk division, a subsidiary of HSBC North America Holdings
Inc., Depew, New York, who became totally or partially
separated from employment on or after December 20, 2017
through two years from the date of certification, and all
workers in the group threatened with total or partial
separation from employment on the date of certification
through two years from the date of certification, are
eligible to apply for adjustment assistance under Chapter 2
of Title II of the Trade Act of 1974, as amended."
Signed at Washington, D.C. this day of February 2019.


_____________________________
HOPE D. KINGLOCK
Certifying Officer, Office of
Trade Adjustment Assistance

Signed in Washington, D.C. this 11th day of February 2019.

/s/Hope D. Kinglock
______________________________
HOPE D. KINGLOCK
Certifying Officer, Office of
Trade Adjustment Assistance