Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

7,000 jobs
Number of planned job losses
Job loss
Announcement Date
12 November 2008
Employment effect (start)
Foreseen end date

Description

American Express, the global financial services company headquartered in New York, has announced that it is to cut 7,000 jobs worldwide due to the global financial crisis. As of November 2008, there is no information on when the job losses are to be implemented by.


Sources

  • 12 November 2008: Hospodárske noviny

Citation

Eurofound (2008), American Express, Internal restructuring in World, factsheet number 67413, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67413.