28 Jul '11, 6am

HSBC to slash over 10,000 jobs

HSBC to slash over 10,000 jobs

HSBC will slash more than 10,000 jobs as part of the global banking giant's recently announced cost-cutting drive, a report said. -- PHOTO: REUTERS HONG KONG - HSBC will slash more than 10,000 jobs as part of the global banking giant's recently announced cost-cutting drive, a report said. Broadcaster Sky News said senior executives at the bank 'are close to finalising costs cuts that will result in thousands of jobs being axed across the bank's sprawling global empire.' The report on Wednesday said London-headquartered HSBC may chop more than 10,000 positions across its operations, citing unnamed sources. A bank spokesman in Hong Kong on Thursday declined comment on the report. HSBC shares in the Chinese territory were down about 1.2 per cent at HK$76.50 (S$11.90) in afternoon trade. The cuts would come from trimming the company's head office functions and closing retail b...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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HSBC to slash over 10,000 jobs #afpasiapacificb...

channelnewsasia.com 28 Jul '11, 7am

HONG KONG: HSBC will slash more than 10,000 jobs as part of the global banking giant's recently announced cost-cutting dri...

HSBC may slash more than 10,000 jobs, says report

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HONG KONG - Banking giant HSBC Holdings may cut more than 10,000 jobs worldwide as part of its plan to slash costs by up t...

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straitstimes.com 30 Jul '11, 11pm

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