>Trustee Fires 1,066 Workers at MF Global’s Broker DealerWritten By Matt Egan
Just two weeks after MF Global filed for Chapter 11 bankruptcy, the trustee overseeing the failed futures brokerage disclosed plans on Friday to fire all of its broker dealer employees as it liquidates the business.
In a statement, the court-appointed trustee, James Giddens, said the broker dealer’s 1,066 employees were notified on Friday that their employment has been terminated, effective immediately.
However, the MF Global trustee said the liquidation and terminations don’t apply to the parent company, MF Global Holdings, which listed 2,847 employees as of September.
Read more: https://www.foxbusiness.com/industries/2011/11/11/trustee-fires-1000-workers-at-mf-globals-broker-dealer/#ixzz1dXDwGO8u