VOICED : HSBC suprime 50.000 empleos y renuncia a Brasil

VOICED : HSBC suprime 50.000 empleos y renuncia a Brasil

Assessment

Interactive Video

Business, Social Studies, Other

9th - 12th Grade

Hard

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HSBC's CEO announced a significant restructuring plan, including closing branches, digitizing transactions, and relocating jobs to lower-cost countries. The bank aims to cut 50,000 jobs globally, with 25,000 from divestments in Turkey and Brazil. HSBC plans to maintain a reduced presence in Brazil to serve international corporate clients. The restructuring aims to save $4.5 to $5 billion annually by 2017. In 2014, HSBC faced a 15% drop in net profits due to large fines for various irregularities.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key components of HSBC's announced restructuring plan?

Expanding operations in Europe

Increasing employee salaries

Accelerating transaction dematerialization

Opening new branches worldwide

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many jobs does HSBC plan to cut globally as part of its restructuring?

75,000

10,000

25,000

50,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are affected by HSBC's business sales?

India and China

Turkey and Brazil

Germany and France

USA and Canada

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the target annual cost reduction for HSBC by 2017?

$6 to $7 billion

$4.5 to $5 billion

$2.5 to $3 billion

$1 to $2 billion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary reason for HSBC's 15% drop in net profits in 2014?

Increased competition

High employee turnover

Decline in customer base

Large fines for irregularities