HSBC cuts 30,000 jobs
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Published on Aug 1, 2011 by Euronews
HSBC is to cut 30,000 workers as it pulls out of countries where it is struggling to compete.
Five thousand jobs are already going following restructuring of operations in Latin America, the United States, Britain, France and the Middle East and it will cut another 25,000 over the next two years.
At the same time Europe's biggest bank posted an unexpected rise in first-half pretax profit of eight billion euros.
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Take a look at youtube - HSBC Public Interest Disclosure . A lack of transparency or shareholder deception? You decide
AndrewBotte30 7 months ago