American Express to cut 7,000 jobs, save $1.8 billion (Washington Post)
NEW YORK (Reuters) – American Express Co said on Thursday it will cut 7,000 jobs, slash expenses and scale back investments to save $1.8 billion next year, in its biggest restructuring since 2001 as it struggles with bad loans and surging funding costs.
Source: www.washingtonpost.com
American Express to cut 7,000 jobs, save $1.8 billion (Washington Post)
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Posted by admin on 31 Oct 08 - 0 Comments
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