HSBC expected to shed 2,000 UK jobs

Press Association
HSBC
HSBC

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.