Citigroup to cut 11,000 jobs, take $1 billion hit in cost-cutting effort

Change Location | More Weather »
Thursday, May 23, 2013 |

(Advertisement)

Citigroup to cut 11,000 jobs, take $1 billion hit in cost-cutting effort

By DEMOCRAT-GAZETTE STAFF FROM WIRE REPORTS

Posted: December 6, 2012 at 3:55 a.m.

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

This story is only available from our archives.

Front Section, Pages 1 on 12/06/2012

(Advertisement)

« Previous Story

Mississippi’s drop less than feared

Tows ply the Mississippi River south of St. Louis in late November in this photo provided by the U.S. Coast Guard. Months of drought have left the Mississippi near historic low levels between St. Louis and Cairo, Ill.

A revised Mississippi River forecast offered a bit of a reprieve for shippers Wednesday, showing the water lev... Read »

Lebanese city drawn into Syria fight

Lebanese soldiers out to calm violence conduct searches Wednesday at a checkpoint in Tripoli.

Gunmen loyal to opposite sides in Syria’s civil war battled Wednesday in the streets of the Lebanese city of T... Read »

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.

Use the comment form below to begin a discussion about this content.

Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.

Material from the Associated Press is Copyright © 2010, Associated Press and may not be published, broadcast, rewritten, or redistributed. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. All rights reserved.