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HSBC has served termination notices on around 90 junior and middle management employees, sources close to the bank said on Tuesday, according to Emirates Business. Those made redundant will receive six months' salary as a severance package, the newspaper reported.
Responding to a query from the newspaper Joel M Farnworth, Regional Head of HR, HSBC Bank Middle East, said the operating environment for banks in the region is "challenging" given the current financial uncertainty worldwide...[ Read full story]
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