Global financial companies have started cutting jobs in India as part of their plan to deal with the current financial crisis.
Bank of America Merrill Lynch, Nomura, UBS and HSBC have begun the sacking of employees in the third wave of financial market job cuts since the Asian crisis of 1997. Hong Kong and Shanghai Bank Corp, also plans to eliminate more than 30,000 jobs worldwide.
Indian market is watching the situation cautiously as European financial crisis may have just begun to impact India in terms of financial services jobs.
No comments:
Post a Comment