The Business Times
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HSBC says Singapore recruitment plan still on track

Bank said to be looking at lopping off another 10,000 staff globally following an earlier exercise

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Published Mon, Oct 7, 2019 · 09:50 PM

    Singapore

    SINGAPORE is unlikely to be hit hard by HSBC's latest layoffs that threaten up to 10,000 workers - or 4 per cent of its 238,000 global headcount - as the Republic is considered among the markets it's counting on for growth.

    Plans to add more than 400 retail and private banking front-end staff in Singapore by 2023 are also still on track, HSBC told The Business Times.

    HSBC

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