3i to close its local office
29th June 2012
PRIVATE equity group 3i is to officially close its local operation as part of strategic plans to create a leaner organisation.
Those plans include a headcount reduction of more than 160 employees, representing more than a third of the group's headcount.
Apart from Birmingham (Solihull), offices in Barcelona, Copenhagen, Hong Kong, Milan and Shanghai are to close.
Simon Borrows, 3i's chief executive said: "The business today is too decentralised and lacks focus and consistency. The operating......for the full story register now for free or login below...
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