17th May 2016 05:33
LONDON (Alliance News) - HSBC Holdings PLC is axing 840 technology jobs in the UK as part of restructuring and cost-cutting measures, the first major round of job losses under an overhaul that will cut 8,000 roles in the UK by the end of next year, the Financial Times reported Monday.
HSBC is planning to establish similar IT jobs offshore in India, China and Poland, as it looks to cut costs.
Nearly 600 IT jobs will be cut in Sheffield, as well as in London, according to people familiar with the situation.
http://www.ft.com/cms/s/0/9f85584a-1b76-11e6-b286-cddde55ca122.html#axzz48ohHzbIW
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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