Credit Suisse considers moving nearly 2,000 UK jobs to India

Credit Suisse considers moving nearly 2,000 UK jobs to India

Swiss banking group Credit Suisse plans to cut nearly 2,000 jobs at its London location and move some of them to cheaper locations like India and Poland. Right now they have 6,600 jobs [in London], 2,400 front office, 4,200 back office. Out of the 4,200 about 2,400 are directly connected to the front office. They are planning to move nearly 1800 jobs to India to reduce operational costs. Nearly 1,600 job cuts will be in Switzerland and 2,000 in the US, where Credit Suisse’s private bank will be transferred to Wells Fargo.

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