2nd Feb 2015 09:11
LONDON (Alliance News) - Canaccord Genuity Group Inc Monday said it is cutting the workforce within its global capital markets business in a move to "rationalize operations in light of current market conditions".
In a statement, the financial services group said the plan will primarily affect UK & Europe and US operations. It will result in a 4% fall in the size of the group's workforce at a one-off pretax cost of about CAD22 million.
Canaccord Genuity shares were down 6.2% at 305.00 pence on Monday.
By Samuel Agini; [email protected]; @samuelagini
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