Last Updated: Thursday, October 17, 2013, 19:57
Nearly 300 employees of the company stand to lose their jobs due to the decision, according to sources.
Last Updated: Friday, May 17, 2013, 15:38
Another banking major HSBC has recently said it plans to axe as many as 14,000 jobs.
Last Updated: Thursday, May 16, 2013, 19:49
HSBC is determined to slash 14000 jobs despite earning huge profits and plans for a cost-cutting worth 2 billion pounds over the next three months.
Last Updated: Monday, November 05, 2012, 20:05
The bank had 2,67,000 employees at the end of September, 2012, almost 22,000 lower than that on December 31, 2011.
Last Updated: Thursday, November 10, 2011, 23:58
HSBC Holdings is laying off several hundred investment bankers in London, Hong Kong and elsewhere this week as part of its jobs cull to save billions of dollars.
Last Updated: Tuesday, August 02, 2011, 19:37
A day after announcing trimming its global workforce by 30,000, banking major HSBC Tuesday ruled out any significant job cuts in India, a strategic market where it is fighting high attrition rate.
Last Updated: Monday, August 01, 2011, 15:50
HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's biggest bank said on Monday after it reported a surprise rise in first-half profit.
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