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HSBC lays off 2 percent of UAE personnel
The lay-offs apply to...
August 12, 2009 3:06 by Aarti Nagraj
HSBC bank has cut two percent of its workforce in the UAE, because of the region’s “challenging” operating environment, Joel Farnworth, HSBC Middle East’s head of human resources told Reuters. The bank employs around 4,000 in the UAE, he said.
Farnworth added that the lay-offs apply to both front and back office.