Tag Archives: HSBC

HSBC to cut as many as 50,000 jobs, sell business in Turkey and Brazil to restore profit growth

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HSBC Holdings Plc, Europe\’s largest bank, intends to eliminate as many as 25,000 jobs then sell operations in Turkey and Brazil to help restore profit growth. Under a three-year plan, HSBC will cut full-time employees by 22,000 to 25,000, or about 10 per cent, it said in a presentation to investors on its website on Tuesday. The sale of companies ...

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