FACTBOX: Job cuts at major financial groups
(Reuters) - Citigroup Inc plans to cut up to 50,000
jobs, CNBC television said on Monday, as souring economies and
global credit conditions cause the U.S. bank with the farthest
reach worldwide to retrench.
The cuts are on top of the roughly 23,000 jobs Citigroup has
already slashed this year, and would leave the second-largest
U.S. bank with about 300,000 jobs worldwide.
Here are some details of major job cuts in the financial
sector since the beginning of September:
COMPANY NUMBERS DATE
--------------------------------------------------------
Commerzbank 9,000 Sept 1
GMAC LLC 5,000 Sept 3
UBS 2,000 Oct 3
Barclays PLC 3,000 Oct 10
National City Corp 4,000 Oct 21
Goldman Sachs Group Inc 3,300 Oct 23
American Express Co 7,000 Oct 30
Fidelity Investments 1,700 Nov 14
Citigroup Inc 50,000 Nov 17
(Writing by Carl Bagh, Bangalore Editorial Reference Unit;
Editing by David Cutler and Jon Loades-Carter)
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