The World This Week   /     Massive job cuts at HSBC

Description

As profits plunge, HSBC says it will axe 35,000 jobs, and move back to its roots in Hong Kong and Shanghai. But is this wise, given the economic effect of the coronavirus outbreak? Also: the UK introduces an immigration points scheme to deter low-skilled workers; the Amazon CEO promises ten billion dollars to save the planet, and it's the end of the road for the much-loved Australian Holden car. Photo: Business man passing by an HSBC Bank sign in Hong Kong; Credit: Getty Images

Subtitle
As profits plunge, HSBC says it will axe 35,000 jobs, and move back to its roots
Duration
1421
Publishing date
2020-02-22 09:30
Link
http://www.bbc.co.uk/programmes/w3csyv7p
Contributors
  BBC World Service
author  
Enclosures
http://open.live.bbc.co.uk/mediaselector/6/redir/version/2.0/mediaset/audio-nondrm-download-low/proto/http/vpid/p0847ckc.mp3
audio/mpeg