MF Global has laid off 1,066 brokerage employees, the trustee administering its liquidation said in a statement this afternoon. BusinessInsider reports that the company has retained Deloitte to administer its liquidation.
From the statement:
In accordance with the court-mandated liquidation and wind down of MF Global Inc., the broker-dealer's work force, consisting of 1,066 employees, was notified today that their employment is terminated, effective immediately, although salaries will be paid through November 15, 2011. Between 150 and 200 former employees are being hired to assist in the wind down of the business and processing of bankruptcy claims.
Read more: http://www.businessinsider.com/mf-global-fires-over-1000-employees-2011-11#ixzz1dPt0dNWf
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