FACTBOX - Job cuts at major financial groups

Mon Nov 17, 2008 2:25pm GMT
 
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(Reuters) - Citigroup Inc plans to cut up to 50,000 jobs, CNBC television said on Monday, as souring economies and global credit conditions cause the U.S. bank with the farthest reach worldwide to retrench.

The cuts are on top of the roughly 23,000 jobs Citigroup has already slashed this year, and would leave the second-largest U.S. bank with about 300,000 jobs worldwide.

Here are some details of major job cuts in the financial sector since the beginning of September:

COMPANY NUMBERS DATE

--------------------------------------------------------

Commerzbank 9,000 Sept 1

GMAC LLC 5,000 Sept 3

UBS 2,000 Oct 3

Barclays PLC 3,000 Oct 10  Continued...

 
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