Thousands of job losses were announced yesterday, the majority of which will hit the City.

Nomura, the Japanese bank that recently acquired some of collapsed investment bank Lehman Brothers’ operations, said it would cut 1,000 jobs in London.

Commerzbank, which is not due to complete its acquisition of Dresdner Kleinwort until next year, announced 1,200 redundancies in the City.

Credit data firm Experian plans to cut up to 300 people in Britain and Ireland by next Spring.

Private equity-owned gambling group Gala Coral, which has closed several bingo halls this year, is to slash 100-200 head office jobs. 

Public and Commercial Services Union has claimed HMRC will shed 3,400 staff as part of its efficiency plan to close 90 tax offices. HMRC said it had not announced any job custs but reiterated that there was a restructure as part of an efficiency drive.

Staff at Honda in Brackley, Northamptonshire, have been warned they face redundancy after news the Formula One team has been put up for sale. The total number of staff in the UK is around 800 and up to 200 others work for the team indirectly.

Credit Suisse announced a further 5,300 global job losses today after revealling 650 job cuts in London on Monday.