HSBC/2011 results

Bureaucratic HSBC cuts 30,000 jobs

Hong Kong is in the firing line for the 30,000 jobs that HSBC will cut, says Stuart Gulliver, although the bank will also be hiring in Asia-Pacific in some specific areas.

Sameera Anand

August 03, 2011

HSBC group chief executive Stuart Gulliver, flanked by Asia-Pacific chief executive Peter Wong (right) and chief executive of Hong Kong Mark McCombe (left), during yesterday's announcement (AFP)

HSBC said yesterday that Hong Kong will not be spared as it cuts 30,000 jobs worldwide and seeks to re-focus on emerging markets.

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