Credit Suisse

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
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
5,300 jobs
Number of planned job losses
Job loss
Announcement Date
4 December 2008
Employment effect (start)
1 January 2009
Foreseen end date
1 January 2010

Description

Credit Suisse group, a world-leading financial services company, is to cut 5,300 jobs. The company decision comes after the global credit crunch and the resulting losses that have affected the company in the last months. Credit Suisse Group currently employs around 48,000 worldwide.

Sources

  • 4 December 2008: Il Diario del lavoro
  • 4 December 2008: La Repubblica

Citation

Eurofound (2008), Credit Suisse, Internal restructuring in World, factsheet number 67546, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67546.