INDUSTRY NEWS

Lehman jobs ‘could be safe from redundancy’

Many workers at Lehman Brothers in Europe could be safe from redundancy, the Times has reported.

It said offers from Barclays and Nomura could protect at least 700 employees, although hundreds more were likely to soon be out of work.

The administrator PricewaterhouseCoopers told the Times: “We have asked a number of parties for final offers. These are coming in today.”

A PwC partner, Dan Schwarzmann told the paper a commitment to protecting jobs at the beleaguered bank would be central to its decision.

Most of Lehman Brothers’ 1,500 staff work from commercial property in Canary Warf.

Gordon Brown has become involved in discussion regarding the transfer of money from Lehman UK to the US.

He said he wanted it to be returned to “pay salaries, not of highflying financiers, but of cleaners and people who are computer operators who would otherwise be denied their money”.ADNFCR-1329-ID-18790298-ADNFCR

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