Mods, move to appropriate forum if necessary...
AP
American Express to cut 7,000 jobs
Thursday October 30, 10:24 am ET
American Express to cut 7,000 jobs in effort to reduce costs by $1.8 billion next year NEW YORK
(AP) -- American Express says it will cut 7,000 jobs, or about 10 percent of its work force, as part of an effort to slash costs by $1.8 billion in 2009......it is also suspending management level salary increases next year and instituting a hiring freeze.
American Express earlier this month reported a 24 percent drop in third-quarter profit as cardholders restrained their spending.
Thats because they keep decreasing my CL with each statement! Hope one of the 7000 is the manager in the "lets lower your CL" department.
ok, I feel better now.
Peace
Edit.... http://www.msnbc.msn.com/id/27455315/
kotam: I edited your message to remove parts of the reprint due to copyright issues and included a link for the full story while using the AP as a source.
Message Edited by llecs on 10-30-2008 11:56 AM
