City
Epaper

HSBC puts 35,000 job cuts on hold

By IANS | Updated: April 28, 2020 14:50 IST

British multinational investment bank, HSBC announced on Tuesday that it has paused plans to cut 35,000 jobs, saying it does not want to leave staff unable to find work elsewhere during the coronavirus pandemic.

Open in App
.5 million pounds.

It came as senior executives and board members at other major UK banks, including RBS and Lloyds, agreed to give up their bonuses for this year.

The announcements were in response to calls from the Bank of England to restrict bonuses during the pandemic.

( With inputs from IANS )

Tags: Royal Bank of ScotlandLloyds
Open in App

Related Stories

BusinessCoimbatore's Sri Ramakrishna Hospital conducts a massive public awareness drive on stroke

InternationalSingapore's DBS bank reports lower Q1 profits, partners Indian startups to boost SME banking

HealthBGR-34 manages diabetes, heals damaged cells: Study

NationalAgra police arrest 3 J-K students for celebrating Pak win over India in T20 World Cup

InternationalEnvironmentalist attacked in Karnataka, two arrested

International Realted Stories

InternationalDassault welcomes Rafale Marine deal, reaffirms commitment to India's 'sovereignty' and 'strategic challenges'

InternationalChina urges Pakistan, India to exercise restraint, solve differences through dialogue

InternationalKailash Mansarovar Yatra: China says 'advancing relevant preparations' with India

InternationalBYC announces April 29 protest to demand justice for Baloch missing persons

InternationalIran thanks Russia for help in controlling blaze after port explosion