UK bank HSBC says to axe 4,000 jobs

  • Monday 05, August 2019 05:21 PM
Sharjah 24 – AFP: British bank HSBC, fresh from revealing the exit of its CEO John Flint, announced on Monday that it will axe about 4,000 jobs in a new overhaul.
"We've announced a restructuring" that "involves two percent of our workforce" or 4,000 jobs, said Chief Financial Officer Ewen Stevenson, in a first-half earnings conference call, stressing the job losses would "target more senior ranks".