Tag Archives: jobs

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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Sobeys to cut 1,300 back office jobs as new distribution centres open

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STELLARTON, N.S. – The Sobeys grocery business expects to get rid of 1,300 jobs within the next year or two because it moves to open new distribution centres in Ontario and Alberta and is constantly on the integrate Safeway Canada\’s operations. The head of Sobeys parent company told analysts in a quarterly business call Thursday that the jobs cuts will ...

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