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Citigroup reveals plan to cut 17,000 jobs

04.11.2007 , 07:47 AM

Bank plans to axe 17,000 jobs ? of which 8,500 will be lost outside the US ? as part of a restructuring to cut costs by $3.7bn next year. A further 9,500 jobs, out of a total of about 327,000, will be moved to lower-cost locations.

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