Goldman Sachs, one of financial institutions best to have the however resisted --it remained profit since the beginning of the crisis-- “the suppression from approximately 10% of its 32.500 employment prepares”, indicates the daily newspaper.
This information was confirmed in AFP by a source close to the file, which stressed that these redundancies would bring back manpower of the bank to their levels of 2006-07. They were decided “because of a significant deceleration in all the branches of activity”.( Finance Information City )
“Even if it avoided the catastrophic errors which made run Bear Stearns and Lehman Brothers, Goldman suffers from the drying up of the activity of bank of investment and of broking”, explains the WSJ for its part.
In September, the establishment, which has just given up its statute of bank of businesses to become a bank of full exercise, still hoped that its manpower would remain at least stable on the remainder of the year.
“But the crisis of the credit still worsened since, kind Goldman to carry out these reductions of manpower”, continues the American daily newspaper.
Because of the financial crisis, Wall Street pays a heavy tribute as regards employment, which is still likely to be weighed down.
Barclays, which repurchased certain American operations of Lehman Brothers put in bankruptcy, envisages to remove at least 3.000 employment in the United States, Merrill Lynch should also lose thousands of additional positions while being made swallow by Bank off America. As for Morgan Stanley, manpower had been reduced by 3% over one year to at the end of August, indicates the Wall Street Journal.
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