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 / Insurance/ Estate 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities
185 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/59523.