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 64.1 - Monetary Intermediation
1 jobs Number of planned job creations
Announcement Date
27 June 2018
Employment effect (start)
Foreseen end date
Description
Swiss bank Credit Suisse decided to close the department in charge of analytical activities located in Moscow (Russia) and to relocate services offered to Russian customers in the London hub. The British hub also offers its services to customers in Europe, Middle East and Africa. The company maintained the decision is part of the company project to focus on the management of wealthy clients' assets, and will not effect the range of services offered to the Russian customers. As a consequence of the relocation, only one employee will be transferred from Moscow to London.
Eurofound (2018), Credit Suisse, Reshoring in United Kingdom, factsheet number 63, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63.
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