Shakeout at Citi

Bizouati, Yaƫl
April 2007
Investment Dealers' Digest;4/2/2007, Vol. 73 Issue 13, p9
Trade Publication
The article reports on the business plans of Citigroup Inc. in reinvigorating the company and get its stock price higher. Citigroup is said to be planning to cut up to 15,000 jobs or 5% of its work force, mostly in North America. According to Citigroup's CEO Charles Prince, the company would announce its strategic structural review on April 16. However, he declined to comment on the potential job cuts.


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