Guernsey Press

Credit Suisse jobs may be at risk in restructure

JOBS could be lost at Credit Suisse as the company assesses its 'business portfolio'.

Published

It is understood that between 80 and 110 jobs are at risk, though a spokeswoman for the company refused to be drawn on numbers.

'We are currently assessing our business portfolio, including our local booking platform in Guernsey and will take necessary action to reflect client and market requirements,' she said.

Commerce and Employment minister Kevin Stewart said the department had not been apprised of exact details of the move, but believe it was not because of any specific problems with the island.

But with other banks expanding local operations, Deputy Stewart sought to calm staff fears.

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