Financial crisis: Banking jobs expected to be cut by 15 percent

Publicado: 19 Marzo 2008
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The US is expected to see the greatest reduction in jobs, at about 15 percent while total cuts could reach 10 percent in London and other European financial centres. This would account for up to 200,000 job losses across the entire financial industry. About 65,000 jobs have gone August when the credit crisis started.



The sector employs about 12 million in the US and Europe.