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
230 jobs Number of planned job losses
Announcement Date
14 September 2011
Employment effect (start)
14 September 2011
Foreseen end date
Description
Nomura, the biggest Japanese investment bank, cuts 230 full-time jobs in Europe as a part of a worldwide restructuring programme affecting in total 380 employees. Most lay-offs will take place in the wholesale division. By restructuring, Nomura is aiming for a yearly cost reduction of JPY 30 billion in its wholesale division abroad.
The bank employs currently 27,000 people worldwide, of which 4,500 work in European branches. In 2008, the company acquired the non-US operations of Lehman Brothers, aiming to become a global investment banking group.
Sources
14 September 2011: Financial Times
Citation
Eurofound (2011), Nomura, Internal restructuring in European Union, factsheet number 72370, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72370.
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