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 - Financial service activities, except insurance and pension funding
1,000 jobs Number of planned job losses
Announcement Date
4 December 2008
Employment effect (start)
4 December 2008
Foreseen end date
31 March 2009
Description
Nomura bank has announced that it is to cut 1000 jobs in London.These cuts represent 20% of the staff employed by the bank in the City of London.The job cuts are related to the company’s takeover of parts of Lehman Brothers, and are expected to be completed by the end of March 2009.
Sources
4 December 2008: Financial Times
4 December 2008: The Guardian
Citation
Eurofound (2008), Nomura, Internal restructuring in United Kingdom, factsheet number 67570, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67570.
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