Credit Suisse Says 94 Jobs Will Be Cut in New York CityMichael J. Moore
Credit Suisse Group AG, Switzerland’s second-biggest bank, plans to cut 94 jobs at its main New York office.
The reductions will begin April 1 at the Madison Avenue location, the Zurich-based company said today in a filing with the state Department of Labor. Affected employees have already been notified, said Jack Grone, a spokesman for the bank.
Credit Suisse is seeking an additional 400 million Swiss francs ($422 million) in cost savings by the end of 2015, on top of 4 billion francs in planned cuts announced since 2011, the firm said last month.