Arab Today, arab today hsbc to axe 3000 hong kong jobs unions stage protest
Last Updated : GMT 16:00:09
Arab Today, arab today
Arab Today, arab today

HSBC to axe 3,000 Hong Kong jobs, unions stage protest

Arab Today, arab today

Arab Today, arab today HSBC to axe 3,000 Hong Kong jobs, unions stage protest

Hong Kong - Spa

Trade unions protested outside banking giant HSBC\'s Hong Kong headquarters Thursday after the company announced it would cut 3,000 jobs in the city over the next three years, according to dpa. Members of Hong Kong\'s Federation of Trade Unions and Confederation of Trade Unions argued Hong Kong workers were being made to pay for the bank\'s problems overseas. \'This shows that the Hong Kong economy depends too much on the financial sector,\' Unionist legislator Lee Cheuk-yan, who led the protest, told government-run radio station RTHK. \'It is not healthy. The financial sector is not creating jobs. It is destroying jobs.\' HSBC Holdings Plc announced Wednesday it would cut 13 per cent of its 23,000 jobs in Hong Kong over the next three years as part of a global drive to cut costs and improve profitability. The London-based bank has announced plans to cut around 30,000 jobs worldwide between now and the end of 2013, one tenth of its global workforce. An email to Hong Kong staff from HSBC Asia Pacific chief executive Peter Wong said that while their cost efficiency was better the group average there was \'still room to eliminate bureaucracy and improve our efficiency.\'  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hsbc to axe 3000 hong kong jobs unions stage protest Arab Today, arab today hsbc to axe 3000 hong kong jobs unions stage protest

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hsbc to axe 3000 hong kong jobs unions stage protest Arab Today, arab today hsbc to axe 3000 hong kong jobs unions stage protest

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday