Employment News
HSBC plans to cut 10,000 jobs
By EmploymentCrossing | Dated: 07-30-2011
Further massive job cuts threaten the banking industry just as HSBC half year profits are due to be announced. Despite it’s position as Europe’s largest bank HSBC has felt the impact of a slow economic recovery and is looking to shed staff as costs rise and two third of its business fail to deliver. Globally HSBC employ over 300000 people.
Read the full article here:
HSBC may cut more than 10000 jobs: report – Reuters
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