Monday, August 1, 2011

HSBC set to slash 10,000 jobs

HSBC set to slash 10,000 jobs after disappointing results

There has been much speculation about planned job losses, and last night it was reported that HSBC is to confirm it is cutting at least 10,000 staff as the results are made official.

Posted by doomwatch @ 01:15 PM (1649 views)
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4 thoughts on “HSBC set to slash 10,000 jobs

  • general congreve says:

    I heard the BBC just say it was 30,000.

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  • That should add nicely to the recovery.

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  • And I guess they don’t want interest rates rising.

    The more I think about it, a suggestion I read today of a BTL tax makes an awful lot of sense:
    a pressure on house prices to go down but without burdening Joe Average mortgage sufferer so directly.

    Hmm…. let me ponder this. It seems like a cracking idea.

    Mike

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  • Sky said 30,000. some of which had recently taken place (they only made £7bn in the last 6 months). Reuters adds: “The bank said on Sunday it would sell 195 U.S. branches to First Niagara Financial for about $1 billion in cash, and close another 13 of the 470 sites it had”.

    HSBC are now top of the job loss leader board (Sky):
    :: HSBC: 30,000

    :: RBS: 28,000

    :: Lloyds: 15,000

    :: Barclays: 600

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