Global job cut to have minimum impact on India: HSBC

Posted on 15th Jun 2015 | 1014 views

5 avg. rating (100% score) - 1 votes

Global job cut to have minimum impact on India

HSBC announced a plan that it would be cutting 25000 jobs globally to improve its performance and that there will be minimum impact on India. The bank is targeted to increase its software engineering development and back office work in India and China and expected that this consolidation move will save up to USD 525 million over the next two years. HSVC stated that it will increase software engineering carried out in India and China to 75 per cent by 2017 from the present 50 per cent, which could help it save up to USD 525 million. Currently it has 32,000 employees in India, as many as over 27,000 are employed in the back offices and development centres spread across Pune, Hyderabad, Vishakapatnam, Kolkata, Bangalore and Delhi and another 5,000 employees in the banking, asset management and insurance space in the country.

0 Comments on Global job cut to have minimum impact on India: HSBC

Comment as a guest:

POPULAR POSTS

What is Appointment letter Format?

26th Jun 2018

Top 10 facts why you need a cover letter?

08th Jun 2018

Are you looking for a job in Event Management?

28th May 2018

Pharmaceutical job opportunities on rise in Gulf

23rd May 2018

MNC Vs Startup: Are you Confused to Choose between?

09th Aug 2017

Perspectives of Unemployment in India

01st Jul 2013

Have your Say!

View All

Are you satisfied with your current resume?


Yes

No

Vote

Press Corner

View All

Face Book Twitter Google Plus Instagram Youtube Linkedin Myspace Pinterest Soundcloud Wikipedia

All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status