Summary
NEW YORK - HSBC plans to announce thousands of job cuts today as part of an ongoing cost-cutting program announced in May, according to media reports.
The British banking company is expected to announce it is cutting 10,000 jobs, or 3 percent of its work force, when it reports earnings today, the New York Times reported Sunday, attributing the information to "a person with direct knowledge of the decision."See the full content of this document
Extract
U.K. Today
HSBC spokesman Neil Brazil in New York declined to comment on the report.
HSBC ...See the full content of this document
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