Job Cuts | South China Morning Post
  • Sun
  • Apr 19, 2015
  • Updated: 4:14pm

Job Cuts

JPMorgan to cut 5,000 more jobs

'You’re always trimming the sails. That’s business,' said Jamie Dimon. Photo: Xinhua

JP Morgan Chase, the largest bank in the United States, announced thousands of job cuts as its mortgage lending business slows.

Thursday, 27 February, 2014, 1:09am

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

Falling revenue means banks may cut even more jobs. Photo: AFP

Britain's four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More cuts may follow.

29 May 2013 - 2:51am

HSBC still set on hiring more Hong Kong staff despite job cuts

HSBC bank

Despite plans by HSBC to cut staff globally by up to 5.5 per cent over the next three years, the bank still intends to hire people in Hong Kong, chief executive Stuart Gulliver told shareholders in the city yesterday.

21 May 2013 - 4:09am

Sharp up on news 5,000 more staff to go

Sharp is trying to restructure its unprofitable liquid-crystal-display business before deadlines to repay debt this year.Photo: EPA

Sharp shares rose to their highest level in a year in Tokyo trading yesterday, after reports it will extend job cuts by 5,000 and reshuffle management as the unprofitable electronics maker seeks to end losses.

The shares jumped 6.4 per cent to 450 yen, at the close of trade, the highest level since May 1 last year. The stock has risen by 40 per cent over the past five trading days.

11 May 2013 - 4:13am