LONDON (dpa-AFX) - HSBC Holdings Plc. (HSBA.L, HSBC) will impose a hiring and pay freeze globally in 2016 as part of its drive to cut as much as $5 billion in costs by the end of 2017, according to reports.
The actions were outlined in a memorandum received by employees on Friday, the report said.
Copyright RTT News/dpa-AFX
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