HSBC halts job cuts in response to Covid-19

HSBC_Coronavirus_30Mar20_PA_575x375
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, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.