PwC to pay Lehman London staff by month-end

Thu Sep 18, 2008 2:29am BST
 
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LONDON (Reuters) - Administrators PricewaterhouseCoopers will pay September salaries to all 4,500 London staff of Lehman Brothers International (Europe) by the end of the month, PwC said on Wednesday.

"Before the end of the month, we will be paying all staff here...so long as, of course, they are turning up to work," PwC partners Tony Lomas and Steven Pearson said in a recorded video briefing on the internet.

Lehman Brothers International (Europe) is the European unit of Lehman Brothers, which filed for bankruptcy protection earlier this week.

(Reporting by Olesya Dmitracova)

 
Lloyd Blankfein, Chairman and CEO of Goldman Sachs, participates in a panel discussion at the Clinton Global Initiative in New York September 23, 2009.   REUTERS/Chip East
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