UK Branch of HSBC to Reduce More than 100 Jobs by the End of 2019
On May 27th, it became known that one of the largest financial conglomerate (HSBC) intends to increase its revenues and plans a large staff reduction by the end of 2019. According to some sources, over 500 jobs are expected to cut.
Such staff redundancy will affect the global banking and market sectors, which include HSBC merchant and investment banking.
According to some sources, it is planned to increase the number of specialists in more profitable divisions of the bank.