HSBC May Reduce Work Force
Source: Agencies |
July 29, 2011, Friday
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Print Edition
Print Edition
HSBC Holdings Plc may cut more than 10,000 jobs as part of its plan to slash costs by up to US$3.5 billion a year, Sky News reported yesterday.
New HSBC Chief Executive Stuart Gulliver in May announced a far-reaching plan to cut costs and revive flagging profits by exiting dozens of countries and refocusing on its areas of strength.
New HSBC Chief Executive Stuart Gulliver in May announced a far-reaching plan to cut costs and revive flagging profits by exiting dozens of countries and refocusing on its areas of strength.
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