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HSBC to Cut Jobs

HSBC-job-cutsThe biggest bank in Europe, HSBC, is expected to announce staff cuts this week as part of its future cost cutting plans. The cuts will equate to 10% of its staff.

The staff cuts are in a bid to make global savings and it is expected the group will cut up to 30,00 jobs across the globe in the next year.

50,000 people currently work for the brand in Britain, although 2,000 British jobs are expected to be affected by the cut backs.