Citigroup to cut 500 more jobs in D.M. area
‘Citigroup Inc. plans to cut 500 more jobs in the Des Moines area, landing another punch to the local economy.
Since April 2004, the financial services company has announced plans to eliminate 1,445 jobs in Des Moines and West Des Moines.
Citigroup told employees Wednesday that it will cut 500 of the 925 jobs at a credit-card processing facility at 4300 Westown Parkway in West Des Moines. The jobs will move to other states between this spring and the end of March 2006 as the New York-based company consoli- dates operations in other states.
At the Citigroup offices in West Des Moines, one employee leaving work for the day said he was disappointed by the announcement.’
Read more at Citigroup to cut 500 more jobs in D.M. area
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