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

5,700 jobs
Number of planned job losses
Job loss
Announcement Date
11 November 2008
Employment effect (start)
11 November 2008
Foreseen end date

Description

Merrill Lynch, one of the world´s leading financial management and advisory companies, has announced that it is to cut about 5,700 jobs across the world due to the financial crisis. The firm has offices in 40 countries and employs roughly 60,000 people. As of November 2008, there is no information about the employment effect timeline.


Sources

  • 11 November 2008: Hospodárske noviny

Citation

Eurofound (2008), Merrill Lynch, Internal restructuring in World, factsheet number 67411, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67411.