Will everyone in Lehman lose their jobs?
The bankruptcy administrators, PricewaterhouseCoopers, feels that as Lehman's operations were essentially centralized at New York, the folding up of the investment banker in the US will have a telling impact on all its operations globally.
Over 5,000 employees in the UK have already lost their jobs, while about 20,000 in the US might as well forget going back to their work stations. About 2,500 Lehman employees in India too face the axe.
Image: Some Lehman Brothers' employees leaving the bank's Canary Wharf office in London, England. | Photograph: Cate Gillon/Getty Images
Also read: 10 things to know about Jaguar-Land Rover
Advertisement
