HSBC, Europe’s biggest bank by market value, may cut about 1,000 jobs in the UK, reports Bloomberg. The jobs will be eliminated in processing and operations, and some administration sites may be closed. HSBC employs about 58,000 people in the UK and 330,000 worldwide, and is currently raising £12.5bn in the UK’s biggest rights offering.

This entry was posted by Gwen Robinson on Wednesday, March 25th, 2009 at 4:10 and is filed under People. Tagged with hsbc. Edit this entry.