In its earnings report, HSBC (HBC) said it planned to cut 5,000 jobs as part of a cost-saving...

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

In its earnings report, HSBC (HBC) said it planned to cut 5,000 jobs as part of a cost-saving push, but CEO Stuart Gulliver tells investors on the conference call that there will be further cuts, and "another 25,000 roles will be eliminated in addition to the 5,000 already announced."