Tuesday, June 9, 2015

HSBC TO CUT 10% OF WORKFORCE

Europe's biggest bank, HSBC, has announced plans to cut as many as 25 000 jobs worldwide and increase its focus on Asia.

The cost-cutting proposals come as HSBC continues to consider whether to move its headquarters away from the UK, with speculation it may relocate to Hong Kong.

Olly Barratt reports from London.

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