Friday, October 28, 2011

Daiwa to Slash 15% of Asia, Europe Jobs

Daiwa Securities Group Inc. reported its third consecutive quarterly loss in the July-September period, said it would cut up to 300 jobs in Europe and Asia and reduce executive salaries by up to 40% from the second half of the fiscal year through March 31, underlining the competitive pressures facing Japan's second-biggest securities firm.

28 Oct, 2011


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Source: http://online.wsj.com/article/SB10001424052970203687504577003153683516304.html?mod=asia_home
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