Goldman Sachs

Type
Internal restructuring
Country
United Kingdom
Region
London; Inner London - East;
Location of affected unit(s)
London
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
600 jobs
Number of planned job losses
Job loss
Announcement Date
23 October 2008
Employment effect (start)
Foreseen end date

Description

Goldman Sachs, an investment bank, has announced that it is to cut 600 jobs from its current London workforce of 6,000. The company has attributed the cuts to the worsening global economic situation, although as of 26 October 2008 it has not announced when these jobs will be lost.

Sources

  • 23 October 2008: Financial Times
  • 24 October 2008: The Guardian

Citation

Eurofound (2008), Goldman Sachs, Internal restructuring in United Kingdom, factsheet number 67275, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67275.