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HSBC Middle East will not lay off staff
- Middle East: Wednesday, December 17 - 2008 at 13:48
Youssef A Nasr, CEO of HSBC Bank Middle East Limited, said none of the bank's employees in the region will be laid off but some may be relocated, reported Khaleej Times. Nasr added that the bank would be looking at optimising its human resources through redeployment. The banks also will not put a blanket freez on new recruitment, he said.
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