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One more great cut in HSBC: half thousand in the UK will lose their jobs

December 1, 2008 - 2:48pm | Banks and internet banks | News
One more great cut in HSBC: half thousand in the UK will lose their jobs

According to BBC news HSBC has announced a great job cuts worldwide, so in sole UK this banking giant will lay off 500 employees. The only reason for such considerable changes was "a review of the business and current economic conditions". Earlier in September HSBC has announced 1,600 job cut. HSBC said the latest job cuts represented less than 1% of its 58,000 UK workforce.
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business rationale | Christmas | economic downturn | HSBC | jobs cut | lay off
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