Citigroup added to the gloomy economic news that started Monday with an announcement of recession underway in Japan by telling investors that it will reduce its workforce to 300,000 people but cutting 50,000 jobs. In the past four quarters, reports CNN, the bank has trimmed 23,000 jobs.
Posted by Ellen Wallace on 17 November 2008 at 17:31 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 17 November 2008.
Filed under: World news
Tags: banks, Citigroup, global financial crisis, job cuts, redundancies
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