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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
4,400 jobs Number of planned job losses
Announcement Date
11 November 2008
Employment effect (start)
Foreseen end date
Description
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.
Sources
11 November 2008: Hospodárske noviny
Citation
Eurofound (2008), Morgan Stanley, Internal restructuring in World, factsheet number 67412, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67412.