Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
The bank Credit Suisse has announced that it will shed 2,000 jobs worldwide. This is due to poorer than a unexpected performance in the second quarter of the year. The cuts occur after an aggressive period of hiring which had been originally intended to create an advantage over its competitors, which had been weakened as a result of the financial crisis. Approximately 500 job losses will occur in Switzerland and the others will occur in all locations where the bank has branches.
28-07-2011The Financial Times