HSBC has revealed plans to reduce employment costs by 8 % in a batch to save $ 1.5 billion, as thousands of UK employees are expected to bear the loss of losses.
The bank's CEO, George Ilidri, announced that although there are a large number of HSBC employees at less than 8 %, the reform will include significant discounts in jobs and additional expenses of about $ 1.8 billion in ice and re -accusations Structure.
This step follows a series of changes in companies in the lender that focuses on Asia, including integrating its work in bulk and a decision to raise the weak investment bank. HSBC has also closed Zing, a digital payment project, just one year later, where Elhedary focuses on reducing repetition and turning resources to higher growth areas, such as wealth management in Asia.
Besides restructuring, HSBC reported a 6.5 % jump in annual profits to $ 32.3 billion, and defeated analysts' expectations. FTSE 100 GIAN confirmed a new re -purchase of $ 2 billion and announced the distribution of a quarterly profit of 36 cents per share, as it returned 6.4 billion dollars to investors.
The staff rewards group increased to $ 3.8 billion from $ 3.77 billion, despite the number of employees. Meanwhile, HSBC plans to raise the potential wage package for ELHEDEY, which can reach 15.3 million pounds this year, or up to 19.8 million pounds if the bank’s share price increases by 50 %.
In a separate announcement, the bank has postponed its target date to achieve net zero emissions from its operations and its supply chain from 2030 to 2050. This step comes as HSBC also launches a review of its 2030 goals for the carbon-fingerprint emissions from the companies that lend it.
Ilidari said that suppliers have failed to sustains, making it difficult for HSBC to achieve goals in the short term. The decision follows the giants of bankers who withdrew from the pure banking alliance, amid a local violent reaction, prompting questions about the dedication of the global banking sector in climate pledges.
The scope of environmental, social and governance (ESG) is expanded in ELHEDEY Awards based on performance based on 25 % to 20 %, to allow an increase in weighting on what the bank calls “creating value”. However, critics see this as evidence that HSBC reduces the strict climate targets in response to market pressure.