HSBC (HSBC) plans to cut 348 jobs in France, partly through voluntary redundancy.
The move reflects the acceleration of a strategy "aimed at simplifying the organization to make it more agile," bringing together commercial and global banking and market segments, and "adapting to an uncertain economic environment, growing competition and high internal costs," the bank said Wednesday in a statement.
HSBC shares eased 0.2% in recent trading Wednesday.
Price: 58.26, Change: -0.08, Percent Change: -0.15
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