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HSBC UAE reduces workforce by 122 people
- United Arab Emirates: Saturday, October 03 - 2009 at 09:45
HSBC Holdings has cut its workforce by 122 people in the UAE, Bloomberg has reported. The cuts were made to reduce costs. HSBC employs about 3,800 people in the UAE and is the biggest foreign bank operating in the UAE. HSBC head of human resources said the cuts were reflective of 'reduced market activity'.
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Medilyn Manibo, Assistant News EditorSaturday, October 03 - 2009 at 09:45 UAE local time (GMT+4)
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This article was updated on Sun Oct 04 2009.
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