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Credit Suisse axes 11% of workforce

Indexed: Thu Dec 04, 2008 @ 01:15:07PM 1 month 5 days ago

BMW Sauber sponsor Credit Suisse, Switzerland's second-largest bank, has announced that it is axeing 5,300 jobs and scrapping bonuses for its top executives after losing $2.5 bn in the last two months. This amounts to around 11% of the company's workforce.

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Source: GrandPrix.com - http://www.grandprix.com/ns/ns21015.html
Tags (beta): credit, losing, top, around, companys, last, sponsor, sauber, bmw, second

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