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 64.19 - Other monetary intermediation
150 jobs Number of planned job losses
Announcement Date
4 April 2019
Employment effect (start)
15 April 2019
Foreseen end date
Description
Japan's largest securities firm Nomura Holdings unveiled plans to cut $1 billion of costs at its struggling investment bank, that will lead to 150 job cuts worldwide. In Europe, Nomura has struggled to generate profits ever since it bought Lehman Brothers Holdings' operations there in 2008. The bank's job cuts there will mostly target rates and credit traders in London. The Japanese bank has already cut position in Europe (230 job cuts in 2011) and in the UK (1,000 job cuts in 2008, and 200 job cuts in 2012).
Eurofound (2019), Nomura, Internal restructuring in World, factsheet number 97722, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97722.
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