02 Aug '11, 11pm

HSBC says it plans to hire up to 15,000 people in Asia over the next three years

SINGAPORE - HSBC, Europe's largest bank, said yesterday that it plans to hire up to 15,000 people in emerging markets such as Asia over the next three years. The move will benefit job-seekers in Singapore, where HSBC said earlier it plans to boost staff strength by 1,000 over the next five years. The move comes one day after the banking giant announced plans to eliminate 30,000 jobs globally by the end of 2013 to curtail surging salary costs. They also form part of a plan to focus on HSBC's Asian operations. More than one-third of HSBC's workforce is based in Asia. In response to its announcement on job cuts, a HSBC spokesman in Singapore said: "Asia is a growth story and we will continue to invest in our business (there). Our plan in Singapore is to hire some 200 roles every year over the medium-term and we are on track to doing so for 2011." The proportion of profit HSBC...

Full article: http://www.todayonline.com/Business/EDC110803-0000420/HSB...

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