Nikkei: Nomura to lay off “dozens” of former Lehmans employees
November 18, 2008
By Ken Worsley
Tuesday morning’s Nikkei is reporting that Nomura has offered severance packages to “dozens” of employees hired after the firm took over operations from Lehman Brothers. Although the article is very short on details, it appears that about 30 employees have been asked to go, and that they are chiefly from Lehman’s fixed income division.
Hopefully mass layoffs will not be the method through which Nomura deals with carrying the increased cost of having taken on about 8,150 former Lehman’s employees.
Across the pond, Citigroup has announced plans to cut about 52,000 employees, while Dallas Mavericks owner Mark Cuban has been charged with insider trading. So much for buying the Chicago Cubs.
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According to the Nikkei, Nomura CEO Kenichi Watanabe appeared at the FCCJ on Wednesday and told reporters, “There are no specific job cuts planned at this point.”
[…] November 19, Nomura CEO Kenichi Watanabe told reporters at the Foreign Correspondents’ Club of Japan, “There are no specific job cuts planned at this […]