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15,000 more jobs to go at Lloyds Banking Group
Banking giant Lloyds is to axe a further 15,000 jobs, as part of a cost-cutting exercise and will see the bank withdraw from international banking. The job cuts were first unveiled by the Sunday Times...
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Train maker Bombardier unveils more than 1,000 job losses
Train maker Bombardier has today revealed it will axe 1,400 jobs at its plant in Derby. The job cuts are attributed to the company losing out to Siemens on the £1.4 billion Thameslink contract. Its...
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Co-operative Financial Services to axe 670 jobs
Manchester-based Co-operative Financial Services (CFS) has announced plans to axe more than 600 jobs as part of a strategic review. The group said 670 field based jobs will go after conducting a...
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HSBC to reduce headcount by 10,000
According to a report today, banking giant HSBC is to axe more than 10,000 jobs as part of the bank’s strategic review. The report from Sky News said some of the cuts will come from its head office...
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Credit Suisse to reduce headcount by 2,000
Credit Suisse, which is Switzerland’s largest bank, has today revealed it will axe 2,000 jobs after unveiling poor results in the second quarter. The job cuts represent approximately 4% of its...
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HSBC to reduce headcount by 25,000
Banking giant HSBC has today announced plans to shed 25,000 jobs by 2013 after reporting a rise in half-year profits. The bank, which is Europe’s largest, has already unveiled 5,000 job cuts, 700 of...
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Barclays profits fall, cuts jobs
Banking giant Barclays is the latest bank to report its half-year profits and announce job losses. The bank said pre-tax profits came in at £2.6 billion for the six months to the end of June, down one...
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HSBC offloads US credit card division in $32.7bn deal
Banking giant HSBC has today announced it has disposed of its US credit card division to Capital One Financial, as part of a global strategic cost-cutting exercise. The announcement comes shortly...
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HSBC planning 3,000 jobs in Hong Kong
Banking giant HSBC has today announced plans to axe 3,000 jobs at its Asian headquarters in Hong Kong over the next three years. The reduction in headcount is part of an ongoing global cost-cutting...
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CIPD reveals public sector job losses deeper than forecast
According to the Chartered Institute of Personnel and Development (CIPD), more public sector job losses are being axed than originally forecast. The employers group said 610,000 jobs in the sector...
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