St Ives is making 10% of the staff redundant at financial print subsidiary Burrups. Around 11 jobs will go in London and 40 in America.
"Its regrettable, but transactional work following September 11 is very quiet," said group managing director Brian Edwards.
Director of funds John Waterlow and corporate finance and international sales director Ian Nash are among those laid off.
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"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
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