Credit Suisse Group (CSGN.VX) plans, according to a notification the bank sent to New York State’s Department of Labor on Tuesday.
The layoffs, which will extend through August 6, follow the elimination of jobs of 109 people in New York earlier this year.
The filing did not disclose the level of seniority nor the business areas in which the layoffs at its Credit Suisse Securities (USA) unit will occur. A bank spokesman in New York declined to comment.
The trimming is part of a plan announced last year by Switzerland’s second largest bank company to cut about 3,500 jobs worldwide and eliminate $2.1 billion of annual costs by the end of 2013. The cuts are expected to cut across the bank’s three major divisions of private banking, asset management and investment banking.
Credit Suisse employed about 11,700 in the United States, Canada and other parts of the Americas as of year-end 2011.
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If they plan to cut 3,500 jobs it certainly is not the last people to be laid off…
Posted by commentouvriruncomptesuisse | May 27, 2012, 10:50 am