HSBC axes 30,000 jobs in cost-cutting drive
London (AFP) Aug 1, 2011 - HSBC will slash 30,000 jobs worldwide over the next two years as it looks to slash costs, the global banking giant announced Monday after also unveiling bumper profits. Europe's biggest lender said in a statement that it was cutting 5,000 workers in Latin America, the United States, Britain, France and the Middle East while new boss Stuart Gulliver revealed that the cost-cutting plans would ... more
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