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HSBC prepares to cut thousands more jobs
by Daniel Grote on Mar 18, 2013 at 09:32
The FT said the jobs cut target was not fixed but that sources close to the bank had suggested around 5,000 staff could go as the bank eyes savings of $1 billion (£660 million).
It said the details of chief executive Stuart Gulliver's plan were set to be outlined to investors in May. They would follow a sharp reduction in staff numbers, from 302,000 to 260,000 over the last two years.
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