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Nov
07

Citigroup and Goldman Reduce 12,000 employees

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The crisis that struck large companies in the U.S. has not been over. Two major financial companies in the U.S., Citigroup and Goldman Sachs on this day that will reduce 12,000 employees to implement the efficiency policy.

Action to reduce employees this month has been rampant since then, large companies Merril Lynch dismiss 100 employees, Lehman Brothers and Bear Sterns to reduce their employees as much as 10,000 people.


Goldman will cut 3,200 employees

One of the largest securities companies in the U.S. will reduce the planned 3,200 employees of the branches in the U.S.. The amount is 10% of all employees of Goldman. and there are also plans a decrease in wages that can reach 5%.


Citigroup Continuous to Cut employees this year

The same condition also experienced by other financial companies, Citigroup, in pers conference yesterday, the company that one of the recipients of U.S. government bail out has stated will make 9,100 people reduction.

If this actions conducted, Citigroup has reduced its employees by 1,250 people. This bad condition also followed by some banks such as Bank of America planned 500 employees will be cut and Merril Lynch 500 people.


150,000 employees fired from Financials Company

If the entire employees reduction action has been implemented, it will automatically increase the number of unemployment "White Collar" in the U.S. since the financial crisis strikes in the past year. This is a burden of a new U.S. president Barrack Obama, the high level of unemployment is one of the main "home work" to resolved.




Source:
Vibiznews

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