Layoffs on global front; HSBC India spared
By Vaibhav Aggarwal
Aug 2, 2011
Print    Email    RSS   

Foreign lender HSBC is on global layoff regime with plans to cut 30,000 jobs globally. However, the Indian operations of the bank doesnt seem to get much affected.

The bank has said that it has laid off 5000 jobs in its Latin American, United States, British, French and Middle East operations.

It says that the number is expected to increase by another 25000 by 2013.

"There is no question of job cuts in India and Asia as we the growing in these geographies," a spokesperson of the bank said.

The bank also aims to sell off its US credit card portfolio.

"We still have a number of people interested in that business. If we can't get the price we're looking for we have a number of options -- we can run it off, sell it in pieces, we could decide to keep the retail private label cards," Chief Executive Stuart Gulliver said.


(Comments Posted : 1) Post Your Comments
1. loan no credit check loans no credit check fast loans no credit check loans for mobile homes
Getting A Loan (Posted: Apr 2, 2018)
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs #4
Managing loans through difficult times
New Vs. Used Car loan in India: Benefits...
Bank loans that could glitter for you
Loans against Cars: A Quick Solution for...

Hello I am looking to renew my car insurance and I...
my loan no

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive