Nomura Asia Layoffs Job Cut: fires 100: Finance Trading Times

Nomura Asia Layoffs Job Cut: fires 100

Just few days back, we had reported that Nomura will be cutting 100 jobs in London. One of the largest financial companies of the world, which had recent taken over the bankrupt Lehman Brothers, is learnt to go for another round of layoffs or job cuts - this time in Asia. Since the entire global markets and businesses are suffering from the downturn, this company also seeems to be affected. Nomura Layoffs

Where will Nomura Layoffs Job Cut happen?
The job cuts will be made primarily in Asia, but outside the home country Japan. Hence, it is expected that countries like India, Singapore, HongKong, etc. may see the layoffs by Nomura.

How many employees will be fired in Nomura Layoffs Job Cut
Around 100 employees will loose their jobs.

When will the Nomura Layoffs Job Cut happen?
It is learnt that the layoffs will be done by the end of December, meaning a bad New Year and Christmas for many affected employees.

What are the primary reasons for Nomura Layoffs Job Cut
Consolidation of Businesses after the takeover of Lehman Brothers, to achieve cost cutting.

Nomura took on about 1,500 employees from Lehman's operations in the Asia-Pacific region, excluding Japan. Shares of Nomura were up 8.7% at 686 yen in afternoon trade in Tokyo, outperforming the benchmark Nikkei average which was flat.

Let's hope that alternative jobs are available to the affected employees of Nomura Layoffs Job Cut.
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1 Comment: Post your Comments

Anonymous said...(on 24 December 2008 at 04:56 )  

The Lehman purchase is a disaster. Things were running smoothly until this event and no one today in Nomura enjoys work anymore. They come in the office thinking that might be their last day and this is definately NOT FUN !

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