The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
200 jobs Number of planned job losses
Announcement Date
13 October 2008
Employment effect (start)
10 October 2008
Foreseen end date
Description
Fidelity International, a fund manager, has announced that it is to cut up to 200 of its 2,000 UK staff. The company has offices in London, Surrey and Kent in the UK, although it has not been announced how many jobs will be cut at each site or when these cuts will be complete, although as of 19 October 2008 the company has already started to implement the job cuts. The company is reducing its headcount in an attempt to reduce costs as a result of the falling value of its assets.
Sources
13 October 2008: Financial Times
Citation
Eurofound (2008), Fidelity International, Internal restructuring in United Kingdom, factsheet number 67248, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67248.
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