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WIRTSCHAFT

Jobabbau bei Banken nähert sich 60.000 durch weitere Kündigungen bei HSBC

By Duncan Mil

October 7, 2019 - HSBC wird noch weitere 10.000 Jobs, zusätzlich zu den bereits im August angekündigten 4.700, abbauen. Über 58.000 Bankenjobs sind heuer durch globale Kosteneinsparungen verloren gegangen.

HSBC’s latest cost-cutting drive under new interim chief executive Noel Quinn will focus mainly on high-paid staff. The redundancies come as global banks contend with low or negative interest rates and weak investment banking revenues.

In August, Deutsche Bank said it would eliminate 18,000 roles as part of a radical overhaul. Barclays, Société Générale and Citigroup have also announced job cuts this year.

HSBC is expected to announce its cost-cutting exercise when it reports third-quarter results later this month. The redundancies will result in a substantial reduction in HSBC’s headcount of roughly 238,000.

Sources
PUBLISHED: 07/10/2019; STORY: Graphic News; PICTURES: Getty Images
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