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| Dec 4, 2008 | |
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Nomura to cut up to 1,000 jobs
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| TOKYO - JAPAN'S top broker Nomura Holdings, hit hard by the financial crisis, said on Thursday it would cut up to 1,000 jobs in London following a takeover of failed Wall Street giant Lehman Brothers' operations there.
The layoffs could affect almost one quarter of Nomura's 4,500-strong workforce in the British capital, the company said in a statement. 'The decision follows an internal review after the acquisition of Lehman Brothers' equities and investment banking operations in October,' said Nomura, which took on more than 8,000 staff from Lehman Brothers' Asia-Pacific, Middle East and European operations, as well as its Indian IT subsidiaries. -- AFP | |
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