Lates News

HSBC Europe Continent announced on May 14th that it has submitted a strategic proposal to the board of directors and employee representative organizations in France. The proposal aims to simplify the organization by integrating commercial banking operations with global banking and markets businesses to adapt to the uncertain economic environment, increasingly fierce competition, and high internal costs. The implementation of this project will result in a net reduction of 348 jobs, accounting for over 10% of the total workforce in France.