CME Group today announced it has completed the staffing process related to its August 2008 acquisition of Nymex Holdings (NYMEX).
NYMEX will continue to maintain its world and national headquarters at One North End Avenue in New York City, with the senior leadership team for NYMEX operations housed in the headquarters facility. The company will continue all NYMEX floor trading operations from its One North End Avenue headquarters.
In addition, NYMEX will implement a workforce reduction of 150 positions over the next 18 to 24 months, reflecting the company's efforts to leverage synergies resulting from the acquisition by CME Group. All individuals whose positions are being eliminated will be informed this week and will be eligible for an enhanced severance package, including outplacement services designed to help employees through their transition. Outplacement services are being offered through Mullin & Associates/BPI.