It is believed that the staff were called to a meeting last week and told that the cuts were on the horizon. Exit interviews are thought likely to commence early this week.
Star employee Robin Saunders and her group are once again glad to be out of the firing line.
The Times reports that the 400 people who work in global financial markets at WestLB in London have been advised that 15% of them will soon lose their jobs. The proposed cut follows swiftly on the 120 reduction in headcount on the equities side at WestLB Panmure.
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