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H.S.B.C. ANNOUNCES MORE CUTS – 08/01/11 18:02 S.S.

H.S.B.C.  HAS  REPORTED  THAT  THE  COMPANY  WILL  CUT  25  THOUSAND  MORE  JOBS  WORLDWIDE,   BETWEEN  NOW  AND  2013.    THAT’S  IN  ADDITION  TO  THE  5  THOUSAND  JOB-CUTS  THAT  HAVE  BEEN  UNDERWAY  (IN  THE  BANKING  COMPANY)  SINCE  THE  BEGINNING OF  THIS  YEAR.      THE  COMPANY  PLANS  TO  CLOSE  JUST UNDER  200  BRANCHES  NATIONWIDE….MOSTLY  IN  UPSTATE  NEW  YORK.

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