Yerevan /Mediamax/. Staff reduction in HSBC Group will not influence Armenia, General Director of “HSBC Armenia” Bank Tim Slater stated.

Tim Slater said this, commenting on Mediamax’s request on the plans of HSBC Group to reduce 4% of the staff in the nearest future.

According to Tim Slater, the reduction will mainly influence the investment banks of the Group in London and other financial centers.