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job cuts, hsbc
(Image from article: "HSBC to cut 30,000 jobs in global overhaul")

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HSBC to cut 30,000 jobs in global overhaul

HSBC to cut 30,000 jobs in global overhaul

British banking group HSBC said Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank branches in the U.S., part of a new strategy to focus on fast-growing emerging markets.

 

HSBC may cut more than 10,000 jobs: report

Banking group HSBC Holdings Plc may cut more than 10,000 jobs as part of its plan to slash costs by up to $3.5 billion a year, Sky News reported Thursday.

 

HSBC to Cut 700 Jobs in U.K.

HSBC said that it is to cut around 700 jobs from its retail-banking operations in the U.K., ahead of major regulatory reforms that are set to affect the domestic industry's advisory business.

 

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