Citi cuts and branch closings: Mass., Penn. to be hardest hit
From Boston Business News - Local Boston News | Boston Business Journal
December 5, 2012 - 11:41am
About 66 Citigroup (NYSE: C) employees in Massachusetts will lose their jobs and several Citibank branches will close in the company’s worldwide, billion-dollar cost-cutting effort.
Citi employs about 550 people in Massachusetts, and will lay off about 12 percent of that workforce. Citigroup said its Massachusetts and Pennsylvania operations would be the hardest hit of its domestic markets.
In Massachusetts, nine of Citi's 31 bank branches are to close. A spokesman said customers and employees…
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