Investing.com -- Europe's largest bank HSBC's plan to close its international payments application Zing could potentially result in approximately 400 job losses, according to Reuters on Thursday.
This decision is part of the cost-cutting measures being implemented by the bank's CEO, Georges Elhedery, the report said.
The employees who may be facing redundancy will be informed starting from Thursday, the report added.
The estimated figure of 400 job losses includes a significant number of non-HSBC external customer support staff, it said.
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