At least 10 thousand financiers will lose their job
4 March 2008Within the nearest months at least 10 thousand people will lose their job in London City because of credit crisis in the world financial market. About it Financial Times writes.
In case of deterioration of the developed situation, the quantity of liquidated workplaces will exceed this level.
According to the data, received by the newspaper, in a number of financial sectors business activity has reduced on 85 %. In result banks and investment funds dismiss thousand experts, first of all financiers.
Liquidation of workplaces in bank sector could be wider, if not City boarding directors’ conclusion, according to which present credit crisis will come to the end by the end of this year. In result the best staff (even in case of actual absence of work) is ready to hold boards of directors of banks and funds pending the best times.
Now 349 thousand people work in London City, which is the largest world financial center.
