Some employees who joined the royal bank of canada due to the acquisition of HSBC Canada business are worried that the six-month job guarantee period will expire this month, when they may lose their jobs. As a condition of the $13.4 billion acquisition of HSBC Canada business completed at the end of March, the royal bank of canada has reached an agreement with the Canadian government to retain about 3,000 former HSBC employees for six months. The bank stated that nearly 80% of the 4,500 HSBC Canada employees have been placed. This equates to approximately 3,600 workers, including corporate and retail staff. The bank has stated that it has created "dedicated resources" to assist new joiners and is actively slowing down recruitment pace, retaining vacant positions while waiting for the transaction to be approved. A spokesperson for the royal bank of canada stated in an email declaration: "We keep transparency with our employees, and those who leave after the six-month period will receive severance pay well exceeding legal requirements."