Nomura to cut 1,000 jobs in London

5th December 2008
By Staff Writer

Japanese securities firm Nomura plans to cut nearly 1,000 jobs or nearly 20% of its staff in London, three months after acquiring parts of the collapsed American investment bank Lehman Brothers.

Print Article
Email A Friend
Your Comment
Post to del.icio.us
Digg this

  • Japan Fund forms strategic alliance with Nomura Asset Management
    2 Jun 2008
  • Nomura wins securities business license in Saudi Arabia
    6 May 2008
  • Nomura to acquire Lehman's service platforms in India
    6 Oct 2008
  • Nomura receives approval to establish stock broking company in Malaysia
    29 Sep 2008
  • Nomura to acquire Lehman's European and Middle Eastern business
    24 Sep 2008

   No companies found

No White Papers Available

In September 2008, Nomura acquired some Lehman Brothers businesses including 3,000 staff, mainly in equities and investment banking. Nomura's latest decision to cut jobs has been reportedly taken after a strategic review of the acquisition.

According to reports, Nomura plans to cut its staff by a fifth and plans to record annual profits of nearly GBP3.6 billion by 2011.

  • Comment on this Article
Sign up to our weekly newsletters for the latest industry news & comment.
 Business Digest
 Distribution News
 Financial Services Digest
 Retail Banking News
 Savings & Investments News

Email Address