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HSBC to shed 4% of workforce...

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  1. #1

    Join Date
    Dec 2002
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    HSBC to shed 4% of workforce...

    The cuts could disproportionately hit HSBC’s European operations, where returns have lagged behind its Asian division. It was the only region to record a loss, totalling £520m, in the first half of the year.

    “There’s some very hard modelling going on. We are asking why we have so many people in Europe when we’ve got double-digit returns in parts of Asia,” the FT’s source said.

    HSBC plans to cut 10,000 more jobs worldwide, says report

    https://www.theguardian.com/business...de-says-report

  2. #2

    Join Date
    Feb 2011
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    Lowering wages has started.