Sources say Nomura (NMR) plans to cut 5% of its European staff as part of a global jobs...

|About: Nomura Holdings, Inc. (NMR)|By:, SA News Editor

Sources say Nomura (NMR) plans to cut 5% of its European staff as part of a global jobs reduction plan, joining a long list of banks and brokerage houses trimming payrolls. A company exec sums it up it rather bluntly: "Nomura will be able to increase its income by cutting human costs."