CHINA HONG KONG HSBCHSBC employees are seen at the headquarters of HSBC in Hong Kong , China , 07 September 2011 . HSBC said on 07 September it will cut 3 , 000 jobs in Hong Kong over the coming three years . In a letter to employees , the bank ' s Asia - Pacific Chief executive , Peter Wong , said the redundancies would mainly involve back - office managerial positions . Wong said the move was necessary to streamline the bank ' s structure , increase efficiency and reduce costs . Mr Wong said the number announced was an initial estimate . HSBC had said it would slash 30 , 000 jobs globally in a bid to save up to 3 . 5 billion US dollars . EPA / YM YIK < 연합뉴스 모바일 앱 다운 받 기 > < 포토 매거진 >< 저작권자 ( c ) 연합뉴스 . 무단 전재 - 재배 포금 지 . >