British labor union Unite decries reports the bank HSBC will slash 10,000 jobs worldwide.
HSBC declined to comment Monday on a Financial Times report that interim chief Noel Quinn plans to seek immediate saving across the group. The newspaper described the cuts as an attempt to rein in costs by reducing its headcount among a staff of about 238,000.
The bank has already eliminated some 4,700 jobs as it grapples with Brexit uncertainty and global trade squabbles. Dominic Hook, a Unite national officer, says"these stories of massive job losses require a comprehensive response by HSBC in order to reassure the workforce. This is a highly inappropriate way for staff to learn about any possible changes within the business."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Can the 10/10/10 Method Be the Secret to PRing Your Next Marathon?Could breaking your race into three separate segments make you faster in the long run?
Read more »
10 things you need to know before the opening bellThis is what traders are talking about.
Read more »
The 10 Art Clichés the Art World Hates to LoveThere's always a market for another bather in the nude—or a portrait of British royalty.
Read more »
Ariel Winter's 10-year-old Niece Cashes In on Another Acting GigAriel Winter's 10-year-old niece just landed a CBS pilot that's gonna pay her over $17k per episode!!!
Read more »
10 Hoodies That Are Better Than Your Dingy College OneMonse has a knack for making basics not basique, like this quirky, offbeat hoodie that replaces one sweatshirt sleeve with a flannel one.
Read more »
10 Best Local Stores to Buy the Most Stylish Abayas in EmiratesFrom classic to trendy to daring, these local Emirati brands will be your go to stores for abayas, kaftans and jalabiyas
Read more »