HSBC Holdings Plc, Europe’s biggest bank, has started to eliminate hundreds of jobs at its investment bank as part of its plan to control costs, two people familiar with the plan told BusinessWeek.
Some employees have already been told by their managers, said one of the people, who declined to be identified as the process is still underway. This round of job cuts is unlikely to be the last within the global banking and markets unit, said the people.
The reductions are part of 30,000 announced by HSBC in August, to curtail surging salary costs while hiring more people in emerging markets….
Read more at http://www.businessweek.com/news/2011-11-10/hsbc-said-to-eliminate-several-hundred-jobs-at-investment-bank.html
No comments:
Post a Comment