Icap To Slash Brazil Workforce
Interdealer broker Icap is reducing its Brazilian workforce by at least of 20 percent.
Interdealer broker Icap is reducing its Brazilian workforce by at least of 20 percent, Financial Times reports. The job cuts are part of a restructuring and come in the wake of losses it has seen in the country over one and a half years.
About 50 to 60 of the broker’s 250-strong workforce in Brazil were terminated in the “first stage” of the restructuring. The first phase is also expected to include the sale of assets and more sackings.
Click here for the story from Financial Times.
Click here for additional coverage from The Wall Street Journal.