HSBC to cut as many as 25,000 jobs
HSBC Holdings will eliminate as many as 25,000 jobs in cost-cutting by 2017 as chief executive Stuart Gulliver seeks to reverse profit declines.
Europe’s largest bank plans to reduce full-time employees by 22,000 to 25,000, or about 10 per cent of staff, the lender said in a presentation on its website on Tuesday.
HSBC will aim for annual cost savings of $4.5 billion to $5 billion by 2017 and sell businesses in Turkey and Brazil, according to a...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Andrea Cleary: Don’t fall for the long con of 80 hours a week
Our bosses want us to work longer and longer shifts – and why wouldn’t they? Which makes it all the more important that we stand firm and resist
Séamas O’Reilly: What happens when the male gaze gets turned on itself?
Men are feeling more pressure than ever to achieve unattainable looks, but women have been graded and degraded on their appearance for centuries. It’s time for us all to go easy on ourselves
Willie O’Reilly: Trump gets personal with a special message
The former US president, holed up at Mar-a-Lago, has found a way to promote his brand and make a little extra cash as he contemplates his next move