Internal restructuring
United Kingdom
London; Inner London;
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

100 jobs
Number of planned job losses
Job loss
Announcement Date
7 December 2015
Employment effect (start)
Foreseen end date


US owned bank Morgan Stanley has announced plans to cut 400 banking jobs as part of streamlining its bond trading activities. It is reported that 100 of these jobs will be lost from its site in London's Canary Wharf. Media reports suggest that the bank has been pressured by investors to cut costs as income has dropped. The bank reported in October that profits had dropped by 42%.  No information is available on when these job losses are expected to take effect.


  • 7 December 2015: The Guardian


Eurofound (2015), Morgan Stanley, Internal restructuring in United Kingdom, factsheet number 86058, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86058.