Household International
HSBC to cut 30,000 jobs worldwidePosted by RJ and Makay on Aug 02, 2011 |
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HSBC Holdings PLC announced it could cut about 30,000 jobs worldwide by 2013 as the bank plans to exit from some retail markets, although hiring in other parts of the company will make the net job losses much smaller, according to the company. Chief executive Stuart Gulliver said that 5,000 jobs are being eliminated in the U.S., U.K. France, Latin America and Middle East, and the lender plans to cut another 25,000 jobs during the next two years.
