
British bank HSBC, the biggest bank in Europe by volume of assets, will hire around 15 thousand people within the next three years. It was reported by AFP quoting the bank’s representative in Hong Kong.
HSBC plans to hire in the emerging markets such as Asia and Latin America, BBC News informs. In the first half of the year HSBC’s income made from operations in Asia-Pacific region increased by more than 25% and in Latin America – by 10%.
It was recently announced that HSBC would cut about 30 000 jobs globally by 2013. The first wave of job cuts (5000 jobs) will touch upon the bank’s offices in USA, Great Britain, France and in the Middle East.
It is expected that HSBC will save 3.5 billion dollars within the next two years due to massive job cuts.
On August 2 one more bank – Barclays – reported that it might cut up to 3000 job places in order to reduce the expenses. The reason of such announcement is lowering of net income in the first half of 2011 by 38%.