HSBC set to cut 2,000 UK jobs

Banking giant HSBC is this week expected to announce some 2,000 UK job cuts as part of a restructuring of its global business.

HSBC set to cut 2,000 UK jobs
Wed, 25 Apr, 2012 - 14:58

Banking giant HSBC is this week expected to announce some 2,000 UK job cuts as part of a restructuring of its global business.

The axe is expected to fall on nearly 4% of the bank’s 52,000-strong UK workforce in a drive to slash costs and help the business react to the tougher climate in the banking industry, including plans for more regulation.

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