Citigroup to cut 50,000 jobs
The slumping global economy has forced Citigroup, the fourth-largest U.S. bank, to cut 50,000 more jobs worldwide, VOA reports.
Monday, 17.11.2008.
19:30
The slumping global economy has forced Citigroup, the fourth-largest U.S. bank, to cut 50,000 more jobs worldwide, VOA reports. The banking giant announced Monday it is cutting about 14 percent of its workforce to reduce expenses by about one-fifth. Citigroup to cut 50,000 jobs The news followed reports from Tokyo showing Japan has officially slipped into a recession. Japan's economy - the world's second largest - shrank one-tenth of a percent in the three months ending in September. Economic problems are also prompting the head of the International Monetary Fund, Dominique Strauss-Kahn, to say the group needs an extra USD 100 billion in the next six months to aid struggling nations. Major world economies are taking their own measures to prevent a financial meltdown. In Washington, the U.S. Senate begins work Monday on an aid package for the struggling American auto industry, a major player in the world's largest economy. Analysts say the United States is on the verge of a recession, and 15 European Union nations are in one already.
Citigroup to cut 50,000 jobs
The news followed reports from Tokyo showing Japan has officially slipped into a recession.Japan's economy - the world's second largest - shrank one-tenth of a percent in the three months ending in September.
Economic problems are also prompting the head of the International Monetary Fund, Dominique Strauss-Kahn, to say the group needs an extra USD 100 billion in the next six months to aid struggling nations.
Major world economies are taking their own measures to prevent a financial meltdown.
In Washington, the U.S. Senate begins work Monday on an aid package for the struggling American auto industry, a major player in the world's largest economy.
Analysts say the United States is on the verge of a recession, and 15 European Union nations are in one already.
0 Komentari
Možda vas zanima
Od srede novo pravilo u Beogradu: Ko ne ispoštuje, dobija kaznu i do 40.000 dinara
Od srede 8. maja, kada stupa na snagu Odluka o taksi prevozu koja je usvojena pre tri godine, sva taksi vozila moraju biti bele boje, podsetio je predsednik Privremenog organa Grada Beograda Aleksandar Šapić.
13:33
6.5.2024.
1 d
Rat – dan 801: Silni udari na Ukrajinu; Rusi zauzimaju; Harkov totalno uništen VIDEO
Rat u Ukrajini – 801. dan
23:46
5.5.2024.
1 d
Ukrajina je "pukla"?
Rusija udvostručila svoju ofanzivu u Donbasu tokom prošlog meseca, postižući značajan napredak dok Ukrajina čeka pojačanje u snabdevanju oružjem sa Zapada, navodi AFP.
12:03
7.5.2024.
11 h
uživo Kolaps; Ukrajinci u problemu; Rusi masovno napadaju VIDEO
Rat u Ukrajini – 803. dan.
23:04
7.5.2024.
1 min
Komentari 0