EMCC European Monitoring Centre on Change

Morgan Stanley

Company/Organisation:
Morgan Stanley

Geographic Location

Country: World

Company

Sector: Financial services
Financial and insurance activities
66 - Activities auxiliary to financial services and insurance activities

Employment Effects

Announcement Date: 11-11-2008
Planned Job Reductions min: 4400
Planned Job Reductions max: 4400
Type of Restructuring: Internal restructuring
Direct Dismissals: 4400

Additional Information

Morgan Stanley, a global financial services firm with more than 600 offices in 35 countries, has announced 4,400 job cuts to be implemented in the near future due to the global financial crisis. As of November 2008, there is no information either about the number employed or when the job losses will be implemented by.