Monday 1 August 2011

HSBC Announces Job Cuts as Profit Rises

LONDON—HSBC Holdings PLC on Monday said it is slashing around 30,000 jobs to cut costs and revamp its business, as the banking giant follows through on a May plan to withdraw from some countries and refocus its operations on high-growth markets. On top of 5,000 jobs already under the ax in the U.S ...


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