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HSBC Announces Eight Thousand Job Losses

VOICED: Europe's largest bank, HSBC, has announced eight thousand job losses and scores of branch closures in a restructuring that's set to see the brand disappear from the high street. It's part of a plan to cut twenty thousand employees world-wide as it looks to save money. The news follows falling profits, and a stream of scandals including tax evasion and rigging foreign exchange markets. And it could end with the bank, Europe's largest, moving its headquarters out of the UK. Shows stock shots of HSBC banks in Beijing and London. Interviews with Dominic Hook from Unite Union, and Louise Cooper, Financial Analyst. (Contains black hole - third party material).
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Details
Clip #:476872008HD
Collection:Sky News
Date created:09 June, 2015
Licence type:Rights-ready
Release info:Not released. More information
Clip length:00:02:32:22
Location:Beijing, China
Mastered to:QuickTime 8-bit Photo-JPEG HD 1920x1080 25i More information
Source:Sky News
Object name:bef-559378201-hsd-hsbc.mov

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