REUTERS: HSBC Holdings Plc is planning to cut up to 10,000 jobs, more than 4per cent of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday.
HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month, the FT said, citing one person briefed on the matter. Any job cuts implemented as part of the latest plan would come on top of the redundancies announced earlier, the FT said.
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