HSBC says Singapore recruitment plan still on track

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.