The US banking giant has announced its intention to cut 4 thousand jobs in the retail sector and another 13-15 thousand in the mortgage lending sector.
JP Morgan announces new cuts. In fact, the US banking giant intends to reduce its workforce by around 4 thousand units in the retail sector by 2014 and 13-15 thousand units in the mortgage lending sector over the next two years, thus bringing the cuts to the overall share of 16-19 thousand jobs.
This was said by Gordon Smith, general manager of the retail banking division.
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
