HSBC halts job cuts in response to Covid-19

By David Rothnie
30 Mar 2020

HSBC has put its mass redundancy plan on hold as its seeks to limit the impact of the coronavirus crisis on its staff.

The bank has pressed pause on the radical restructuring announced on February 18 when CEO Noel Quinn outlined plans to cut 35,000 jobs across the group and restructure part of its global markets business.

Since Quinn's appointment as permanent CEO, the coronavirus crisis, which began in China, ...

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