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…
December 5, 2012 - 11:41am
Share This Article:
Boston Buzz
- May20 8:43amWoman steals from Good Samaritan after car breaks down, police say
- May20 8:40amMan who worked at youth club faces sex abuse charges
- May20 8:38amMay Institute CEO lived in Ga., billed state for $140K in personal expenses (audit)
- May20 8:34amMarathon bombing survivors receiving diplomas
- May20 8:34amAudra McDonald returns with new, personal CD
- May20 8:32amDress like Dylan and get in free
- May20 8:12amEnglish Helper collects $750K fundraise
- May20 8:09amBreaking Out
- May20 8:04amMan falls from NYC theater window onto marquee
- May20 8:03amWill Hull's beachfront condo push make 2013 feel like 1988?
- May20 8:02amPatchwork plan in place to replace train service
- May20 8:00amKeller @ Large: Fix The Incompetence – Fast
- May20 7:57amMIT scientist killed in hit-and-run crash
- May20 7:54amMarathon Bombing Victims To Get Diplomas At BC Commencement
- May20 7:51amMoving umbrella art
- May20 7:49amRail crash to bring 'carmageddon'; South Station a 'madhouse'
- May20 7:46amConnelly’s Top Ten: Bruins Up 2-0
- May20 7:39amActavis buying Warner Chilcott in $8.5B deal
- May20 7:38amBehind The Mic With Joe Mathieu: McCain Campaigns For Gomez
- May20 7:38amConn. derailment to cause 'greatly slowed' commute
- May20 7:36amMalaysia court orders release of 3 terror suspects
- May20 7:33amAmtrak: No clue when you'll be able to take a train to New York again
- May20 7:31amMaine Turnpike toll increase paying off
- May20 7:30amActon-Boxboro Alumni Golf Tournament
- May20 7:30amActon-Boxboro Alumni Golf Tournament
- May20 7:26amRiver Plate rallies for 2-2 draw with Union
- May20 7:26amPorto clinches 3rd straight Portuguese title
- May20 7:25amArsenal into Champions League, Alex Ferguson bows out
- May20 7:23amCorinthians holds Santos to win Sao Paulo title
- May20 7:21amNext EPL season could be most unpredictable ever
- May20 7:21amLyon stays 3rd after 1-1 against Nice in France
- May20 7:21amMazzarri quits as Napoli coach after end of season
- May20 7:21amCruz Azul, America to meet in Clausura final
- May20 7:21amPorter sends DC United, Sporting KC to 1-1 tie
- May20 7:21amDefender Mats Hummels on the mend for Wembley
- May20 7:20amNicola Rizzoli to referee Champions League final
- May20 7:16amTumblr founder, 26, earns a $275M payday from Yahoo shareholders
- May20 7:15amAuburn women's golfers overcome trying season
- May20 7:15amMark Anderson wins Web.com Tour event
- May20 7:13amJimmie Johnson wins again and shrugs off the haters
- May20 7:12amJohnny Gray races to 3rd victory of the season
- May20 7:06amRicardas Berankis beats Denis Istomin in Nice
- May20 7:06amKen Schrader oldest ARCA winner
- May20 7:00amAdelphic Mobile hires new CEO from WPP mobile ad division
- May20 6:59amVisiting MIT Scientist Killed While Riding Bike
- May20 6:59amVisiting MIT Scientist Killed In Hit-And-Run
- May20 6:57amRask, rookies display confidence
- May20 6:55amTeen learning to drive goes into wrong lane of traffic
- May20 6:53am2-month-old baby allegedly shaken by dad dies
- May20 6:52amThe Power Of Play: On The Go With Travel Bingo
