About 200 front office employees will be laid off during a three-day cull as Credit Suisse sheds 2,000 of its 6,600 London-based employees to slash costs after a slowdown in the fixed-income and currency trading businesses. Reports suggest that hundreds of people at Credit Union will also lose their jobs , as the bank plans to cut its workforce in London by a third as part of its new restructuring plans ; the bank is looking to shed 2,000 of its London - based employees to cut costs after a slowdown in the fixed - income and derivatives banking businesses .
Reports suggest that hundreds of people at Credit Union will also lose their jobs , as the bank plans to cut its workforce in London by a third as part of its new restructuring plans ; the bank is looking to shed 2,000 of its London - based employees to cut costs after a slowdown in the fixed - income and derivatives banking businesses .