<p> coz shitibank CEO is AH NEH, brudder brudder
</p>
<h1>Citi to cut less than 300 jobs in Singapore-sources
</h1>
<div class="timestamp">Tue Nov 18, 2008 8:02am EST
</div>
<p> By Saeed Azhar
</p>
<p> SINGAPORE (Reuters) - Citigroup (C.N: <a href="http://www.reuters.com/stocks/quote?symbol=C.N">Quote</a>, <a href="http://www.reuters.com/stocks/companyProfile?symbol=C.N">Profile</a>, <a href="http://www.reuters.com/stocks/researchReports?symbol=C.N">Research</a>, <a href="http://reuters.socialpicks.com/stock/r/C">Stock Buzz</a>) may cut less than 300 jobs in Singapore, a sign Asia could see much smaller cuts than other regions as part of the U.S. bank's global restructuring plan, sources told Reuters on Tuesday.
</p>
<p> The job cuts, which will be implemented soon, are part of plans revealed by Citigroup on Monday to cut 52,000 staff globally by early next year in a dramatic move to restore the second-biggest U.S. bank to health.
</p>
<p> Citigroup employs about 9,000 people in Singapore and the layoffs account for about 3 percent of its staff, said a source who declined to be identified because the plans were not public.
</p>
<p> "In Singapore, there will be modest headcount reductions," a bank spokesman said. "Our business in Singapore continues to register robust year-on-year growth and remains a regional centre for management and operations for Citi globally."
</p>
<p> Citi recently opened its 20th branch in the city-state, a growing centre for financial services and private banking.
</p>
<p> It was unclear how many jobs would be cut in other parts of Asia. Citi employs 55,000 people in Asia including Japan.
</p>
<p>
</p>
</p>
<h1>Citi to cut less than 300 jobs in Singapore-sources
</h1>
<div class="timestamp">Tue Nov 18, 2008 8:02am EST
</div>
<p> By Saeed Azhar
</p>
<p> SINGAPORE (Reuters) - Citigroup (C.N: <a href="http://www.reuters.com/stocks/quote?symbol=C.N">Quote</a>, <a href="http://www.reuters.com/stocks/companyProfile?symbol=C.N">Profile</a>, <a href="http://www.reuters.com/stocks/researchReports?symbol=C.N">Research</a>, <a href="http://reuters.socialpicks.com/stock/r/C">Stock Buzz</a>) may cut less than 300 jobs in Singapore, a sign Asia could see much smaller cuts than other regions as part of the U.S. bank's global restructuring plan, sources told Reuters on Tuesday.
</p>
<p> The job cuts, which will be implemented soon, are part of plans revealed by Citigroup on Monday to cut 52,000 staff globally by early next year in a dramatic move to restore the second-biggest U.S. bank to health.
</p>
<p> Citigroup employs about 9,000 people in Singapore and the layoffs account for about 3 percent of its staff, said a source who declined to be identified because the plans were not public.
</p>
<p> "In Singapore, there will be modest headcount reductions," a bank spokesman said. "Our business in Singapore continues to register robust year-on-year growth and remains a regional centre for management and operations for Citi globally."
</p>
<p> Citi recently opened its 20th branch in the city-state, a growing centre for financial services and private banking.
</p>
<p> It was unclear how many jobs would be cut in other parts of Asia. Citi employs 55,000 people in Asia including Japan.
</p>
<p>
</p>
