EMCC European Monitoring Centre on Change

Credit Suisse

Company/Organisation:
Credit Suisse

Geographic Location

Country: United Kingdom

Company

Sector: Financial services
Financial and insurance activities
64.19 - Other monetary intermediation

Employment Effects

Announcement Date: 26-11-2012
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Employment Effect Start: 26-11-2012
Foreseen End Date: 26-02-2013

Additional Information

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.