Internal restructuring
United Kingdom
London; Inner London; Inner London - East
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

650 jobs
Number of planned job losses
Job loss
Announcement Date
4 December 2008
Employment effect (start)
4 December 2008
Foreseen end date
30 June 2009


Credit Suisse has announced that it is to cut at least 650 jobs at its office in London.This total could rise higher as the company intends to cut 3,500 jobs across its investment banking division, which is based mainly in New York and London. Credit Suisse employs 48000 people worldwide, although it is not known how many of these are employed in their London office.The company attributed the cut to current economic conditions. The job cuts will be made in the first half of 2009.


  • 4 December 2008: The Guardian
  • 4 December 2008: Financial Times
  • 4 December 2008: BBC News


Eurofound (2008), Credit Suisse, Internal restructuring in United Kingdom, factsheet number 67567, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67567.