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citigroup [11] |||- Analysts responded positively to Citigroup's long-awaited job reductions and c

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Citigroup restructuring (FT.com)

Wed, 11 Apr 2007 21:10:49 GMT | Yahoo! Finance

How do you turn a tanker around? That is Chuck Prince's task as boss of Citigroup and an unenviable one it is, too. It is surely much more fun to be a swashbuckling deal-maker than stuck deep in the trenches hard at work "delayering" and "unclogging" the corporate machinery.


Analysts positive on Citigroup job cuts and cost-cutting moves (at MarketWatch)

Wed, 11 Apr 2007 12:11:00 GMT | Yahoo! Finance

NEW YORK -- Analysts responded positively to Citigroup's long-awaited job reductions and cost-cutting plan Wednesday, saying the moves are unlikely to hurt the company's growth prospects while at the same time underscoring management's focus on maintaining its role as a leader in the global financial sector.


Citigroup to cut 17,000 jobs, take $1.38 billion charge (at MarketWatch)

Wed, 11 Apr 2007 12:09:00 GMT | Yahoo! Finance

NEW YORK -- Citigroup Inc., which failed to fully capitalize on one of the most prosperous eras for U.S. financial-services companies in recent years, announced a sweeping expense-reduction plan on Wednesday that includes 17,000 job cuts and a $1.38 billion pre-tax charge.


Money managers see long-term turnaround possible for Citigroup (at MarketWatch)

Wed, 11 Apr 2007 11:21:00 GMT | Yahoo! Finance

SAN FRANCISCO -- While still hoping for a turnaround at one of the world's biggest financial giants, money managers say any change in fortunes at Citigroup Inc. is likely to involve a lengthy process.


Citigroup seen transferring back-office jobs to Poland (at MarketWatch)

Wed, 11 Apr 2007 08:57:00 GMT | Yahoo! Finance

LONDON -- Amid Citigroup's global cost-cutting spree, an unlikely beneficiary could emerge in the form of Poland, which is seen as a top contender to attract back-office jobs from London.


Citigroup settles with ex-wealth chief Thomson

| Findory News

Yahoo News: Reuters - Citigroup Inc. and former wealth management head Todd Thomson have ended talks regarding the terms of his departure and Thomson's parachute will not be golden, a source close to the matter said.


Citigroup slashes jobs

Wed, 11 Apr 2007 05:03 GMT | CayCompass.com

NEW YORK (AP) - Citigroup Inc., the largest U.S. financial institution, said Wednesday it will eliminate about 17,000 jobs as part of a companywide restructuring to reduce costs and improve profit.


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