Hong Kong - Banking giant HSBC said Friday it will cut 100 jobs in Hong Kong as it slashes its global workforce by 1,100 in response to the worldwide economic crisis.

The majority of the 1,100 job losses will be in the UK where the bank has its international headquarters, according to a Hong Kong-based spokesman for HSBC.

Staff in Hong Kong have been informed about the job losses which will be in both front and back office operations, the spokesman explained.

HSBC, one of the world's biggest banking and financial services organizations, has 9,500 offices in 85 countries and territories around the world. (dpa)