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发帖数: 978 | 1 Jan. 9 (Bloomberg) -- Morgan Stanley, the sixth-largest
U.S. bank by assets, plans to eliminate about 1,600 jobs from
its investment bank and support staff in coming weeks, a person
familiar with the matter said.
The cuts total about 6 percent of the New York-based
company’s institutional securities group, which includes
investment banking and trading units, and support staff, the
person said, asking not to be identified because the decision
hasn’t been made public. About half the reductions will be in
the U.S., the person said.
Morgan Stanley reduced its staff by about 4,200 people in
the first nine months of last year through job cuts and unit
sales, after saying in December 2011 it would eliminate 1,600
jobs. Chief Executive Officer James Gorman, 54, has pledged to
lower costs as return on equity remains below the bank’s cost
of capital.
All levels of employees will be affected, and some workers
have already been notified, the person said. Morgan Stanley has
laid out a plan to cut $1.4 billion of annual expenses by next
year.
Morgan Stanley fell 5 cents to $19.60 at 11:04 a.m. in New
York. The shares climbed 26 percent in 2012, and trade at about
65 percent of the firm’s book value.
Citigroup Inc. said last month it would cut 11,000 jobs and
pull back from some emerging-market nations. UBS AG announced in
October that it would fire 10,000 workers and largely exit
fixed-income trading. |
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