Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

185 jobs
Number of planned job losses
Job loss
Announcement Date
12 January 2004
Employment effect (start)
1 January 2004
Foreseen end date
1 December 2004

Description

Instinet, subsidiary of Reuters, a US-based brokerage agency, announced a restructuring plan affecting 15% of its total workforce, i.e. 185 jobs worldwide by the end of 2004. The measure aims at reducing costs.


Sources

  • 12 January 2004: Les Echos

Citation

Eurofound (2004), Instinet, Internal restructuring in World, factsheet number 59523, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59523.