HSBC employee training cut by more than 15%

Banking giant HSBC cut the amount of training offered to staff last year by more than 15%, its latest sustainability report has revealed.

The level of classroom and online learning and development training given to workers fell from an average of 43 hours per employee in 2007, to 36 hours in 2008 – a reduction of seven hours each or 16%, according to its 2008 corporate social responsibility report out last week.