HSBC may axe more jobs in Hong Kong
Published: 04 Dec 2008 02:13:03 PSTDec. 4, 2008 (China Knowledge) - The Hong Kong and Shanghai Banking Corp Ltd, HSBC Holdings Plc's<5><HBC> Asian unit, may consider more layoffs depending on the outlook for operating conditions, The Standard reported Thursday, citing Executive Director Peter Wong as saying. The lender has slashed 450 jobs in Hong Kong last month in response to the ailing economic situation, and 100 in September in line with its 1,100 layoffs worldwide after reported its pre-tax profit fell 35% to US$21 billion during the first half of this year. On Thursday, shares of HSBC's Hong Kong-listed unit added 0.81% to open at HK$81.00. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI |
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