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 Activities Auxiliary To Financial Services And Insurance Activities Financial Fund Management 66.3 - Fund management activities
165 jobs Number of planned job losses
Announcement Date
11 August 2015
Employment effect (start)
11 August 2015
Foreseen end date
11 December 2016
Description
The Swiss asset management company, GAM Holdings, has announced cuts to its workforce of approximately 15 per cent as part of a cost-cutting plan.
The cuts ,which are expected to affect 165 employees, are to take place over the next 18 months.
GAM Holdings currently has 1000 employees in 11 countries. The company's Dublin office is reported to be one of the locations to have the largest number of job losses.
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Sources
11 August 2015: Bloomberg Business
14 August 2015: RTE news
Citation
Eurofound (2015), GAM Holding, Internal restructuring in World, factsheet number 84662, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84662.
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