The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
305 jobs Number of planned job losses
Announcement Date
5 June 2009
Employment effect (start)
Foreseen end date
30 November 2009
Description
Citicorp Finanziaria, a Citigroup company which provides community-based lending services, is to cut 305 jobs in Italy.
Citigroup is one of the main financial services companies in the world. It has around 300,000 employees in more than 100 countries, and 388 employees in Italy.
Sources
6 June 2009: Il Sole 24 Ore
Citation
Eurofound (2009), Citicorp Finanziaria, Internal restructuring in Italy, factsheet number 69198, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69198.