VOICED : HSBC suprime 50.000 empleos y renuncia a Brasil

VOICED : HSBC suprime 50.000 empleos y renuncia a Brasil

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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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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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