New Delhi: In this recessionary period, there are reports of job-seeking or retrenchment every day. This includes small companies to MNCs. The fresh news is about the UK bank HSBC. This bank has retrenched 150 people helping from offices in India. All of them helped HSBC sitting here in global operations. The bank says it has taken this step so that it can reorganize its operations globally.
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Germany's Douche Bank had also fired employees who helped India in global operations. Globally, HSBC has a staff strength of 2.38 lakh. The bank's move has affected around 150 employees. Among the employees who have lost their jobs are management-level employees between Pune and Hyderabad.
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There are 15,000 employees working in the bank's back-office in India. An HSBC spokesperson said the bank is constantly reviewing its workforce to provide better services to consumers and other stakeholders. Jobs in the bank have been affected due to a number of reasons. These include project, individual performance and a higher number of employees. A media report said on Thursday that the bank's move would affect 200 jobs. Due to the recession, a large number of jobs are going.