HSBC plan to cut 2,000 staff in the UK
1 May 2012
HSBC is set to announce 2,000 job cuts in the UK as part of cost-cutting plans, according to reports.
The news follows chief executive Stuart Gulliver’s statement that the bank will cut 30,000 roles worldwide by 2013 in an effort to save $3.5bn worth of annual costs. The bank cut 7,000 jobs globally last year.
HSBC, the biggest bank in Europe, employs more than 50,000 people in Britain. The job cuts worldwide amount to about 10% of HSBC’s total global workforce, with the figure for the cuts in the UK amounting to 4% of its British employees.
HSBC has stressed it will also be recruiting staff by 2013.
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