Bankrupt financial firm MF Global INC. has fired more than 1,000 employees today. Only between 150 and 200 people will be re-hired by the firm to work out their bankruptcy issues. Read more after the jump.
A total of 1,066 employees of bankrupt broker and dealer MF Global Inc. have been fired, according to a statement issued Friday by James Giddens, the court-appointed trustee for the liquidation of the company.
Marketwatch reports that between 150 and 200 former employees are being hired to assist in the wind down of the business and processing of bankruptcy claims, according to Giddens.
MF Global is not conducting business, and will not be reorganized. About 17,000 customer account positions and approximately $1.5 billion in customer account funds have been transferred to other future commodities merchants, Marketwatch reports.
