Credit Suisse redundancies

Investment bank, Credit Suisse, is due to cut approximately 2000 jobs at its London operation. The cuts are part of a restructuring programme aimed to streamline the group’s investment bank.

According to the Guardian, the move could result in back-office jobs being moved to Poland or India.

Last year, Credit Suisse was one of the banks guilty of making redundancies in the immediate run up to Christmas. Unfortunately, more cuts now look likely in London.

Redundancy is a potentially fair reason for dismissal. However, a redundancy dismissal may be unfair if the redundancy situation is not genuine or if an employer fails to consult with the workforce. In addition, an employer must adopt a fair selection criteria and consider alternatives to dismissal.

Our expert employment law solicitors are adept at challenging redundancy selection and we regularly advise employees on tactics to maximise redundancy compensation. Our Employment lawyers can support you through each step of the redundancy process and help negotiate the best possible outcome. We also offer expert employment law advice on the terms and effect of settlement agreements, which are often used by employers to finalise the terms of departure.

For further information on redundancy dismissals, please click here. You can download our expert guide on settlement agreements by clicking here.

Please feel free to call our employment solicitors on 0207 956 8699 or email for a confidential, no obligation discussion. Our specialist employment solicitors are all members of the Employment Lawyers Association.