LONDON—HSBC Holdings PLC said it could cut around 30,000 jobs world-wide over the next two years as the bank executes its plan to it exit from some retail markets, though hiring in other parts of the company will make the net job loss much smaller.
As part of the bank's results presentation for the six months ended June 30, Chief Executive Stuart Gulliver said Monday that 5,000 jobs are being eliminated in the U.S., U.K., France, Latin America and Middle East, and the lender plans to cut as many as 25,000 additional positions between now and 2013. The moves illustrate ...
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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