HSBC is planning to cut another 1000 jobs in Hong Kong this week according to a local newspaper. This is an additional to the 450 jobs cut late last year and just after the Chinese New Year holiday.
HSBC spoke person declines to comment on the report and according to the past redundancy, there may be some truth to this again.
Furthermore, the annual bonus is paid in Apr and there are rumours that no bonus will be paid this year because of the result.
