The board of directors examines an enlargement of the social plan or a sale of its activities in the USA, according to the Financial times who quotes a source close to the file.
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The British bank HSBC intends to push its restructuring plan further, which already foresees 35,000 job cuts, due to the impact of the coronavirus pandemic, reveals the Financial times.
The bank’s board of directors is examining an enlargement of the social plan or a sale of its activities in the United States, according to a source close to the file quoted by the business daily in an article published on Monday evening.
When questioned by AFP, HSBC declined to comment.
In February, before the coronavirus became a pandemic, HSBC announced the loss of 35,000 jobs in three years and a severe reduction in airfoil in the United States and Europe, in order to focus more on Asia.
It is also considering the sale of its retail bank in France.
Due to COVID-19, the bank had temporarily suspended this massive plan, however.
The pandemic weighs heavily on the financial results of the banking group, which recorded a net profit falling by 57% in the first quarter.
The bank predicts that the bill for unpaid credits in 2020 will be between $ 7 and $ 11 billion.
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