Wall St bankers in line for poor 2012 bonuses

Wall Street banks, including Morgan Stanley, have cut more than 9,000 jobs in the past year as deal and trade volumes fall. Photo: AP

Wall Street banks are deflating their employees' pay expectations to avoid a replay of last year when cutbacks on bonuses and increased deferrals surprised bankers and traders.

Wednesday, 14 November, 2012, 2:58am

Exclusive: Investment bankers latest target of HSBC layoffs in Hong Kong

This file photo taken on September 26, 2008 shows people riding an escalator inside the headquarters of HSBC in Hong Kong. Photo: AFP

HSBC laid off some of its investment bankers in Hong Kong on Monday, as Europe’s biggest lender by assets continued to trim its non-traditional banking business.

8 Oct 2012 - 9:05pm

Clever networking can bring job success

Networking can be one of the most effective ways of creating career opportunities or expanding a business. According to Alice Kaushal, networking can act as a bridge for career moves within a company, changing a career or expanding a customer base.

25 Sep 2010 - 12:00am

Accentuate the positive when times are difficult

Kim Cameron is a William Russell Kelly professor of management and organisations at the University of Michigan's Stephen M. Ross School of Business. He gives us his insights into effective leadership and how important it is for the modern workplace.

In what ways did the onset of the global financial crisis highlight a need for effective leadership in the workplace?

15 Apr 2010 - 12:00am

Breathing space

More than 100 businesses, including retail and catering firms, have promised that there will be no job losses for a year, bringing relief to 50,000 workers. What do you think of the no-layoffs charter? Write to us.

17 Dec 2008 - 12:00am

Squads deployed to deter layoffs

Guangdong's labour watchdog has deployed seven squads throughout the province to deter employers from huge staff layoffs before the introduction of the new Labour Contract Law next month, Xinhua reported yesterday.

20 Dec 2007 - 12:00am

Looming danger of the 'newly' jobless

Measures for the 'newly' unemployed have been introduced to assist more than three million laid-off workers due to leave re-employment centres this month.

5 Jun 2001 - 12:00am

Cuts in workforce as plans approved

A quarter of government offices and bureaus will be axed and almost half of the Government's payroll eliminated in downsizing plans approved by the Premier's office, it was reported yesterday.

Chairing a conference last Friday in Beijing on streamlining, Premier Zhu Rongji said an initial victory had been scored in his crusade to halve the central bureaucracy.

22 Jun 1998 - 12:00am

Law bans firing older employees

IN a bid to contain labour unrest, Guangdong has stopped state enterprises dismissing workers aged 40 and above.

The Government has also banned firing women, handicapped and sick workers.

29 Mar 1995 - 12:00am

CMB 'to lose' over claims

CHINA Motor Bus (CMB) will lose, not save, by avoiding to pay the compensation which its redundant workers expect, an industrial relations academic warns.

The comment followed the claim by some of the 170 workers laid off by CMB that the action was taken to avoid giving severance and pension payments.

10 Aug 1993 - 12:00am