PPP KINGDOM

PPP KINGDOM

HSBC TO CUT 30,000 JOBS IN WEST + ADD 15,000 JOBS IN EAST + LATIN AMERICA

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British banking giant HSBC is set to cut 30,000 jobs in total by 2013 in an effort to save billions of dollars in costs.

http://www.onenewspage.com/news/Business/20110801/24469246/HSBC-to-cull-30-000-jobs-despite-rising.htm

….and sell almost half its retail bank branches in the U.S., part of a new strategy to focus on fast-growing emerging markets.

http://www.washingtontimes.com/news/2011/aug/1/hsbc-to-cut-30000-jobs-global-overhaul/

HSBC is planning to hire up to 15,000 people in fast growing markets in Asia + Latin America over the next 3 years even after confirmation of the bank’s plans to cull jobs elsewhere.

 http://www.ft.com/cms/s/0/9826c662-bc1a-11e0-80e0-00144feabdc0.html#ixzz1TyyHuk9r

Best Regards,

FINANCIAL WARRIOR

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