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  • September 3, 2014
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  1. HSBC may boost region's workforce 5pc despite cuts

    Posted Feb 29th 2012, 12:00am

    ... policy. In some countries, such as Brazil, HSBC is profitable but these units have to change their staff structures. Costs are high and the regulatory requirement is getting tougher. ... that the employee's spouse was also laid off. Globally, the bank cut 11,000 jobs last year. A further 12,000 jobs were lost as the bank disposed of 19 units around the world, saving a total of US$900 million. ...

  2. 100 HSBC staff fired as part of bigger cull

    Posted Feb 10th 2012, 12:00am

    ... the information technology and private banking units and included staff at the managerial and frontline levels. Unionists accused the bank of a lack of social responsibility and urged HSBC staff ... at HSBC reported that some of their colleagues had received employment termination letters yesterday. 'At the information technology unit, more than 10 people were fired, roughly 10 per cent ...

  3. Cathay union 'fatally weakened' by strike setback

    Posted Oct 02nd 2011, 12:00am

    ... up of cabin crew.' However, the chairwoman added: 'We believe that our members are still united and will act upon the FAU's direction ... Having different approaches ...

  4. HSBC seeks to sell general insurance unit

    Posted Sep 29th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com HSBC Holdings is approaching a number of European and Japanese insurers in an attempt to sell its worldwide general insurance business, according to people familiar with the situation. Companies being approached included Briti ...

  5. Hongkongers may dodge new tax after U-turn

    Posted Sep 10th 2011, 12:00am

    ... - including the United States, Japan and Russia - have lobbied Beijing to sign bilateral agreements so that the rule could contain a waiver for their passport holders. The ministry did not mention ...

  6. HSBC to axe 3,000 Hong Kong jobs

    Posted Sep 08th 2011, 12:00am

    ... The bank's operations in Canada, the United States, Mexico and Brazil have also been targeted for staff cutbacks. HSBC's announcement is part of an expected wave of banking layoffs ...

  7. Hongkongers still face mainland tax blow

    Posted Aug 01st 2011, 12:00am

    ... businesses' concerns to the mainland authorities through established communication channels', according to a government spokesman. The United States, Japan and Russia are among countries ...

  8. Employees cash in on labour shortage

    Posted Jul 04th 2011, 12:00am

    ... of Manchester United are reported to be watching Prada's flotation carefully,' said O'Reilly. O'Reilly said the firm was still receiving a steady flow of inquiries from global ...

  9. Leadership schemes for women still on hold

    Posted May 07th 2011, 12:00am

    ... and the overall effect of gender diversity may be what will bring about real change. A 2008 United States and European study by McKinsey and Company found that organisations with a higher number ...

  10. Degree of injustice

    Posted Mar 26th 2011, 12:00am by Albert Chen, Albert Cheng

    ... The rising number of working poor, according to Central Policy Unit head Lau Siu-kai, is a ticking time bomb ready to explode and rock social stability. The minimum wage law can ease our social ...




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