Jobs go in Lehman Brothers fallout

Calcutta News.Net
Wednesday 1st October, 2008

Lehman Brothers' European division has cut 750 jobs.

The move has come after announcements were made that the liquidators would try to save as many jobs as possible.

The vast majority of the cuts will be made in London, where the firm employs about 5,000 people.

Lehman Brothers, which could not be rescued in the US credit crunch, was the fourth-largest investment bank in the US.

Have your say on this story