Bend / Central Oregon News, Sports, Business, Weather, Entertainment, Classifieds and Local & State Headlines | The Bulletin

Use Advanced Search to filter by date and category. *keyword is required in search field.
start date (MM-DD-YYYY):
 -  - 
end date (MM-DD-YYYY):
 -  - 
category:
Archive Home > 2012 > December > 06 > Citigroup to cut 11,000 positions

Citigroup to cut 11,000 positions


December 6, 2012

Citigroup announced Wednesday that it would cut 11,000 jobs, reducing its workforce by roughly 4 percent, in an effort to reduce costs.

The bank said it would take a pretax charge of roughly $1 billion for the cuts.

Under the reduction, 1,900 jobs will be eliminated in the institutional clients....

Read complete article

Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.