580 Morgan Stanley Soon To Be Former-Employees Learn They Are Redundant Courtesy Of The Dept Of Labor

Previously it was Credit Suisse and Citigroup. Now it is Morgan Stanley's turn, as 580 employees in the firm's three New York office learn they are about to get the boot courtesy not of the HR department but the DOL's WARN website, which just happens to be the best real-time indicator for observing the transition of the soon to be former 1% into the 99%.

From WARN:

Date of Notice:  12/27/2011

 

Control Number: 2011-0193

 

Rapid Response Specialist:  Linda Foehr

 

Reason Stated for Filing:  Plant Layoffs

 

Company: 
Morgan Stanley (Various NYC sites)
1221 Avenue of Americas
New York, NY  10020

 

County:  New York | WIB Name: NEW YORK CITY| Region: New York City

 

Contact: Eric Kayne, Human Resources

 

Phone: (212) 762-9804

 

Business Type:  Financial services

 

Number Affected:  580 in all locations

 

Total Employees:  -----     

 

Layoff Date: Rolling layoffs beginning on 12/15/2011

 

Closing Date: ----- 

 

Reason for Dislocation:  Economic

 

ERNUM:  -----

 

Union:   -----

 

Classification:  Plant Layoff

 

Other Morgan Stanley locations affected:

1 New York Plaza, New York, NY
1585 Broadway, New York, NY
750 Seventh Avenue, New York, NY