TITLE

HSBC Announces New Round of Cuts

PUB. DATE
November 2009
SOURCE
American Banker;11/4/2009, Vol. 174 Issue 200, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses layoffs at HSBC Holdings PLC. Citing consolidation of its collections and credit-card operations, the firm announced it would eliminate 1,700 positions in the U.K. One day earlier rival Royal Bank of Scotland Group PLC announced 3,700 job cuts of its own. HSBC's round of layoffs will leave it with approximately 40,000 employees in the U.K.
ACCESSION #
45018179

 

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