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09/06/16<br />
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HSBC, Europe's biggest bank, is planning to cut 8,000 jobs in the UK as it tries to reduce costs.<br />
The bank has 48,000 UK workers and will make cuts in both its retail and investment banking operations.<br />
Chief executive Stuart Gulliver said the jobs would go by "natural attrition". Staff turnover stood at about 3,000 annually.<br />
A total of 25,000 jobs could be axed globally, meaning close to 10% of HSBC's 266,000 workers will go.<br />
The bank will also rebrand its UK High Street branches but is yet to decide on a new name.<br />
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