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Citigroup to shed 5% of its workforce

April 11, 2007 - 13:33 Switzerland :: posted by Ellen Wallace

Le Temps, Fre - Citigroup, the largest bank in the US, announced Wednesday that as part of a major restructuring plan it will lay off 17,000 employees, or 5% of its workforce around the world. The bank expects to save $10.4 billion in three years. The group employs 800 people in Geneva and Zurich. (continue reading)

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