** Shares of Hang Seng Bank 0011.HK slip 1.2% to HK$110.3
** Stock on track for its biggest one-day pct fall since May 8
** Stock is fourth-biggest pct loser on Hang Seng Finance Index .HSNF, which eases 0.6%
** The bank has undergone a business restructuring, aiming to streamline overlapping functions, among others, with about 1% of the total number of staff in its core business being affected, the lender said in a statement in response to concerns about its business restructuring and integration
** The bank has created new jobs in response to market changes; all affected staff will have the opportunity to apply for new jobs, it said on Thursday
** Hang Seng Bank is laying off staff as part of its parent company HSBC's 0005.HK restructuring, aimed at enhancing cost-effectiveness and growth, SCMP reported on Wednesday, citing sources
** Hang Seng Index .HSI eases 0.8%
** YTD, Hang Seng Bank shares up 15.9%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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