HSBC to cut 1,100 jobs
British banking major HSBC will cut almost 1,100 jobs worldwide following the financial meltdown in US and European markets. The cuts will affect the bank's global banking and markets operation.
The reduction in jobs will be equal to nearly 4 per cent of the total workforce at its global banking and marketing division. HSBC currently has 335,000 employees.
Image: The HSBC logo is displayed outside a branch of HSBC in Street, United Kingdom. | Photograph: Matt Cardy/Getty Images
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