Colosseum a.s. (Colosseum a.s.)
Commodities  |  December 05, 2012 17:22:28

Citigroup is planning large-scale layoffs



ColosseumOne of the largest U.S. banks, Citigroup (C) said today that the whole world is put away 11,000 people (4.2% of all employees). Number of branches in the world reduced by 84 to the 4000th The company wants to reduce costs in 2013 by about 900 million USD. Saving in 2014 should exceed 1.1 billion. Management plans to continue to continue to improve operational efficiency. The share price today is increasing by 4.5 percent to $ 35.8.

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