Type
Internal restructuring
Country
Italy
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

305 jobs
Number of planned job losses
Job loss
Announcement Date
5 June 2009
Employment effect (start)
Foreseen end date
30 November 2009

Description

Citicorp Finanziaria, a Citigroup company which provides community-based lending services, is to cut 305 jobs in Italy.

Citigroup is one of the main financial services companies in the world. It has around 300,000 employees in more than 100 countries, and 388 employees in Italy.


Sources

  • 6 June 2009: Il Sole 24 Ore

Citation

Eurofound (2009), Citicorp Finanziaria, Internal restructuring in Italy, factsheet number 69198, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69198.