EMCC European Monitoring Centre on Change



Geographic Location

Country: United Kingdom
Region: Inner London; London


Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Number Employed: 4000

Employment Effects

Announcement Date: 20-09-2012
Planned Job Reductions min: 200
Planned Job Reductions max: 200
Type of Restructuring: Internal restructuring

Additional Information

Nomura bank has announced that it is to cut at least 200 jobs in London.  The cuts form part of a GBP 1 Billion cost saving programme that the bank launched earlier this month. 

The company blames the job losses on a slow down in the volume of business. According to media reports the bank might relocate its international headquarters to Asia or New York.