LSE cuts jobs amid increased competition

The new head of the London Stock Exchange today said the bourse had cut 133 jobs as rivals eat away at the business.

LSE cuts jobs amid increased competition
Thu, 24 Sep, 2009 - 14:40

The new head of the London Stock Exchange today said the bourse had cut 133 jobs as rivals eat away at the business.

Chief executive Xavier Rolet - the former French head of failed investment bank Lehman Brothers - said the cuts represented 12% of staff and would save £11m (€12m) a year.

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