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.
Barcelona (Spain), Birmingham (United Kingdom), Hong Kong, Shanghai (China), New York (United States) and unspecified other locations.
Sector
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.9 - Other financial service activities, except insurance and pension funding
160 jobs Number of planned job losses
Announcement Date
29 June 2012
Employment effect (start)
30 June 2012
Foreseen end date
31 December 2013
Description
Financial investment group 3i Group intends to cut 160 jobs worldwide, almost a third of its total staff.
The company will close six of its offices, including branches in Barcelona, Birmingham, Hong Kong and Shanghai. 3i Group will also reduce the headcount at its 13 other offices.
The internal restructuring is part of a cost-savings programme that should substantially reduce the expenditures of 3i Group by 2014.
Sources
29 June 2012: The Financial Times
Citation
Eurofound (2012), 3i Group, Internal restructuring in World, factsheet number 73834, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73834.
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