Standard Chartered Plans to Cut 11% of Malaysia Jobs

[Wd40]

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?

[Wd40]

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

[the lynx]

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?

[Wd40]

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

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

[bgd]

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.

[Barnsley]

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

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

[ecureilx]

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