By Osama Habib HSBC Lebanon is holding negotiations with staff members before deciding which bank will acquire its Lebanon operation. With nearly 200 managers and staff in Lebanon, HSBC isdiscussing compensation rates with employees with the acquisition set to be cancelled if HSBC management cannot reach agreements with staff members. The Lebanese branch of HSBC, one of the world’s largest banks, has been struggling for years as it tries to expand into a new market.
HSBC Lebanon is holding negotiations with staff members before deciding which bank will acquire its Lebanon operation. With nearly 200 managers and staff in Lebanon, HSBC isdiscussing compensation rates with employees with the acquisition set to be cancelled if HSBC management cannot reach agreements with staff members. The Lebanese branch of HSBC, one of the world’s largest banks, has been struggling for years as it tries to expand into a new market.