Location of affected unit(s):
Barcelona (Spain), Birmingham (United Kingdom), Hong Kong, Shanghai (China), New York (United States) and unspecified other locations.
Financial and insurance activities
64.9 - Other financial service activities, except insurance and pension funding
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
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.
29-06-2012The Financial Times