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Standard Chartered Plans to Cut 11% of Malaysia Jobs

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Wd40
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Standard Chartered Plans to Cut 11% of Malaysia Jobs

Postby Wd40 » Thu, 08 Jan 2015 5:42 pm

http://www.bloomberg.com/news/2015-01-0 ... shows.html

1st they moved jobs from Singapore to Malaysia and now they are cutting in Malaysia. Here for good, eh?

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Wd40
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Re: Standard Chartered Plans to Cut 11% of Malaysia Jobs

Postby Wd40 » Thu, 08 Jan 2015 5:47 pm

http://www.bloomberg.com/news/2015-01-0 ... iness.html

Most of the jobs cut from the equities withdrawal are in Asia, a spokesman for Standard Chartered said, asking not to be named. Of those, Hong Kong had the largest number, with jobs in Singapore, India, South Korea and Indonesia also affected, he said

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the lynx
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Re: Standard Chartered Plans to Cut 11% of Malaysia Jobs

Postby the lynx » Fri, 09 Jan 2015 9:06 am

Wd40 wrote:http://www.bloomberg.com/news/2015-01-07/standard-chartered-plans-to-cut-11-of-malaysia-jobs-memo-shows.html

1st they moved jobs from Singapore to Malaysia and now they are cutting in Malaysia. Here for good, eh?


You mean they are coming back to Singapore?

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Wd40
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Re: Standard Chartered Plans to Cut 11% of Malaysia Jobs

Postby Wd40 » Fri, 09 Jan 2015 9:34 am

No that is their slogan, they said they are committed to Asia.

http://www.marketingmagazine.co.uk/arti ... ositioning

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Re: Standard Chartered Plans to Cut 11% of Malaysia Jobs

Postby bgd » Fri, 09 Jan 2015 10:12 am

That's banking. It's a resource intensive industry (although that's changing) so if a business line stops making money they let the staff go. Just sensible business practise. Bit hard on the people though.

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Re: Standard Chartered Plans to Cut 11% of Malaysia Jobs

Postby Barnsley » Wed, 14 Jan 2015 2:08 pm

Seems like they are having some more issues....

Having to raise around US $4.4bn to cover the commodities problems.
Life is short, paddle harder!!

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ecureilx
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Re: Standard Chartered Plans to Cut 11% of Malaysia Jobs

Postby ecureilx » Sat, 28 Feb 2015 12:31 pm

Barnsley wrote:Seems like they are having some more issues....

Having to raise around US $4.4bn to cover the commodities problems.

And the chief is making news I read


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