UK: 750 jobs axed at Lehman Brothers

Around 750 jobs were axed in the UK today by the administrators of collapsed investment bank Lehman Brothers’ European arm.

UK: 750 jobs axed at Lehman Brothers
Tue, 30 Sep, 2008 - 19:19

Around 750 jobs were axed in the UK today by the administrators of collapsed investment bank Lehman Brothers’ European arm.

PricewaterhouseCoopers (PwC) said the “majority” of the job losses were in London, and blamed the cull on “the necessary restructuring” of the unit following the bankruptcy of its US parent earlier this month.

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