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 / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64.1 - Monetary intermediation 64.19 - Other monetary intermediation
100 jobs Number of planned job losses
Announcement Date
26 November 2012
Employment effect (start)
26 November 2012
Foreseen end date
26 February 2013
Description
Credit Suisse has announced plans to cut about 100 jobs in the UK as part of wider restructuring plans aimed at making $4.31 billion savings by 2015. The cuts will affect the bank's investment banking division, fixed income and advisory businesses, and will be implemented within the next 90 days.
Sources
26 November 2012: Reuters
Citation
Eurofound (2012), Credit Suisse, Internal restructuring in United Kingdom, factsheet number 74607, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74607.