Europe’s biggest bank HSBC Holdings is cutting over 1,700 jobs in Britain, adding to thousands of cuts across the industry in the last year as pressure builds to reduce costs. HSBC said 1,726 jobs are being cut, mostly due to a restructuring of branch network management and a consolidation of its collections and cards operations. [...]
Posts Tagged ‘HSBC’
7 Jul
History (list) of job cuts announced in Britain's big corporates since March, 2009.
Layoff meters of UK large companies since March, 2009. This list of layoffs includes British Petroleum, British Telecom, RBS, HSBCm AXA, Corus, Llyods, Aviva and Logica. Following are details of major job cuts announced in Britain since March: COMPANY SECTOR NUMBERS DATE of Announcement ————————————————————— Home Retail Group Retail 300 March 12 BP [...]
2 Mar
HSBC closing one of the main US Business unit. Fires 6100 employees.
Europe’s biggest bank said it would shut most of its U.S. consumer lending business, cutting 6,100 jobs, but that it was ready for acquisitions in its traditional stronghold of Asia where many banks are pulling out to focus on core markets. HSBC launched Britain’s biggest rights issue, raising 12.85 billion pounds on Monday to help [...]
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