Nomura

Type
Internal restructuring
Country
United Kingdom
Region
London;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
200 jobs
Number of planned job losses
Job loss
Announcement Date
20 September 2012
Employment effect (start)
Foreseen end date

Description

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.

Sources

  • 20 September 2012: The Telegraph

Citation

Eurofound (2012), Nomura, Internal restructuring in United Kingdom, factsheet number 74204, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74204.