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  • October 23, 2014
  • Last updated: 9:45am
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Results 1 - 9 of 9 for hsbc restructuring

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  1. Business - Banking & Finance - LABOUR

    HSBC expected to axe up to 5,000 more jobs to save US$1b

    Posted Mar 19th 2013, 12:00am by KANIS LI

    ... company, we seek further efficiencies." The restructuring plan for the Asia-Pacific region had completed and there was no plan for further lay-offs, HSBC Asia-Pacific chief executive Peter ... Kanis Li kanis.li@scmp.com HSBC expected to axe more jobs to save US$1b HSBC may announce further job cuts as part of a strategy to reduce costs. The bank will offer an update ...

  2. News - China - LABOUR

    Strikes see a new breed of labour activists: management

    Posted Jun 02nd 2014, 04:42am by Reuters

    ... with younger employees pushing for higher pay. But in the past few years, as restructurings have become more common, managers have begun to take a more active role in negotiations and stoppages because they have more at stake. "The reason a mergers and acquisitions transaction, layoffs or restructuring goes sideways or causes labour unrest is that the local management were disgruntled ...

  3. Business - China Business - LABOUR

    Sacked insurance staff stage protest at HSBC offices in Shanghai

    Posted Mar 21st 2013, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com 130 workers lose their jobs in joint venture as banking giant switches focus on bancassurance Sacked insurance staff stage protest against HSBC HSBC's cost-saving plan hit a rough patch in Shanghai yesterday as dozens of laid-off sales staff at its life insurance joint venture protested at the bank's headquarters. HSBC Life ...

  4. News - Hong Kong - LABOUR

    One in 10 Chinese bankers won't work with gay and lesbian colleagues

    Posted Oct 25th 2013, 03:26am by Stuart Lau

    ... Stuart Lau stuart.lau@scmp.com HSBC survey reveals some fixed attitudes, but first LGBT workplace summit brings finance groups together to discuss discrimination Gay bankers shunned ... HSBC internal poll has found. The bank's Hong Kong chief executive says it is only right to accept the lesbian, gay, bisexual and transgender (LGBT) community at the business level, ...

  5. Business - Banking & Finance - LABOUR

    British banks cut 189,000 jobs, take staff numbers to nine-year low

    Posted May 29th 2013, 12:00am by Bloomberg

    ... staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More cuts may follow. Royal Bank of Scotland, HSBC, Lloyds Banking Group and Barclays will employ about 606,000 ... have declined by £1.7 trillion since 2008. HSBC, Europe's biggest bank, has eliminated US$4 billion of expenses after selling or closing down 52 businesses since Stuart Gulliver succeeded ...

  6. Business - Companies - LABOUR

    Sharp up on news 5,000 more staff to go

    Posted May 11th 2013, 12:00am by Bloomberg

    ... as the company tries to restructure its unprofitable liquid- crystal-display business before deadlines to repay debt this year. The company, which has sold stakes to Samsung Electronics and Qualcomm, has ...

  7. News - Hong Kong - LABOUR

    Beleaguered dock contractor to close down

    Posted Apr 19th 2013, 12:00am by Phila Siu

    ... it said. "Coupled with other attendant negative effects, Global thinks it does not have the ability to restructure its team and continue with its operation." Global would dismiss its ...

  8. News - Hong Kong - LABOUR

    Standard work hours 'won't cost more' in the long run

    Posted Apr 01st 2013, 12:00am by Phila Siu

    ... in the short run. "But the question is how much? And companies will respond by restructuring work flow. In the long run, it will be fine," he said. The ILO promotes a standard work week of 40 ...

  9. News - Hong Kong - LABOUR

    Domestic helpers push for an end to live-in rule

    Posted Mar 04th 2013, 12:00am by NG KANG-CHUNG

    ... of indecent assault or sexual harassment by their employers. They voiced their concerns yesterday with a rally outside the HSBC headquarters in Central, at which domestic helpers recounted recent ...



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