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HSBC to push ahead with 35,000 job cuts; UK inflation eases for fourth month - business live

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HSBC revives redundancy programme that had been put on ice because of Covid-19 outbreak; UK inflation falls to 0.5% in May, the lowest since June 2016

Back to the UK inflation numbers. Official figures showed the annual growth rate in consumer prices slowed to 0.5% in May as oil prices tumbled, the lowest annual rate since the Brexit vote in June 2016.

 

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Why are HSBC pushing ahead with 35,000 job cuts? They’ve received BILLIONS in taxpayers money as bail outs, yet still incapable of running their business finances?! 🤔 Don’t come beggin for more hand-outs!

AnayasaNevzat

GurayMollaoglu

Not going to be the first lot of job cuts, the whining snowflakes and violent rioters will be unemployed and still whining

nw_nicholas Thoughts please

35k job is worldwide

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UK labour market in ‘suspended animation’ as furlough costs near £20bn – latest updatesMore than 600,000 Britons lost their jobs in the first two months of lockdown, according to an early analysis of HMRC payroll data. Such a sad occurrence. I guess less revenue/resources being generated might have caused it. I pray the affected gets an alternative job soon to help them cater for their wellbeing. Devastating Another 2+ million will add to ot by Oct
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