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Citigroup to cut 4,500 jobs worldwide
Source: BBC
6 December 2011 Last updated at 23:04 GMT
Citigroup to cut 4,500 jobs worldwide
US banking giant, Citigroup, has said it is to cut 4,500 jobs around the world in an effort to reduce its costs.
The group has put aside $400m (£250m) to pay for the cuts, according to its chief executive Vikram Pandit.
The money will be written down in the company's fourth quarter results.
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Citigroup to cut 4,500 jobs worldwide
US banking giant, Citigroup, has said it is to cut 4,500 jobs around the world in an effort to reduce its costs.
The group has put aside $400m (£250m) to pay for the cuts, according to its chief executive Vikram Pandit.
The money will be written down in the company's fourth quarter results.
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Read more: http://www.bbc.co.uk/news/business-16062770
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