Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

100 jobs
Number of planned job losses
Job loss
Announcement Date
26 November 2012
Employment effect (start)
26 November 2012
Foreseen end date
26 February 2013

Description

Credit Suisse has announced plans to cut about 100 jobs in the UK as part of wider restructuring plans aimed at making $4.31 billion savings by 2015. The cuts will affect the bank's investment banking division, fixed income and advisory businesses, and will be implemented within the next 90 days.


Sources

  • 26 November 2012: Reuters

Citation

Eurofound (2012), Credit Suisse, Internal restructuring in United Kingdom, factsheet number 74607, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74607.