Barclays Capital unit cuts some 250 jobs
Article Abstract:
Barclays Capital has jettisoned 250 employees, which represent 5.5% of the company's work force. Employees in sales, investment banking and credit were the target of the cuts, which are part of an evaluation of short-term operations to determine if the company is in the right position to handle major changes in the marketplace. The investment-banking division of Barclays PLC employs approximately 4,500 people across the globe, including 2,250 employees in London, UK. The unit laid off two hundred employees on Nov. 4, 1998, including 45 people in the US, 75 in London and 80 in Asia.
Comment:
Lays off 250 employees, which account for 5.5% of its work force
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Equities division of Banco Santander cuts jobs in Asia
Article Abstract:
Santander Investment Securities Asia Ltd. has made public the termination of approximately 60 employees in its offices in Hong Kong and Singapore. The company, a division of Banco Santander, stated that most of the dismissals were from its research and equities sales units. Santander Investment spokesman Po-ling Cheung stated the company has retained its corporate-finance employees as part of its efforts to maintain its customers in the finance industry. Cheung stated that the terminations were part of the previously announced 300 job cuts.
Comment:
Makes public the termination of approximately 60 employees in its offices in Hong Kong and Singapore
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Israel stock regulator backs simpler rules for dual listings
Article Abstract:
A plan to simplify Israeli firms' dual-listing regulations has been approved by the Israel Securities Authority. The plan applies only to Israeli companies that are traded in New York. The plan is designed to lure attractive firms that have gone public in New York to list in Israel. As a result of the plan, it is expected that Tel Aviv trading volumes will grow by a minimum of 20%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: ING Barings props up ties. Thrunet casts big shadow; Nasdaq success stirs hope for tech listings
- Abstracts: Malaysia takes steps to open its telecom sector. Asian container shortage easing, analyst says
- Abstracts: On display: BARCO maps out its future. Airbus is forced to delay selection of engine for A400M transport
- Abstracts: Diller, Viacom clash in Italian battle of pop vs. shop. Deutsche Telekom girds for future with Sommer
- Abstracts: GKN says it is considering merging defense-vehicles business with Alvis. Garban-Intercapital expects staff cuts of at least 10%