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See also my Ford Bailout story and the despair at GM.
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Citigroup to hire 1,000 workers in Philippines
By Manila Bureau
Last update: 9:21 p.m. EST Nov. 23, 2008
MANILA (MarketWatch) -- Citigroup Inc. plans to expand and hire 1,000 more workers in the Philippines next year despite the thousands of jobs it plans to cut overseas, the Manila Standard Today newspaper reported Monday.
"We're investing in systems and processes, and next year we will have another 1,000 (workers)," Citigroup's country business manager Mark Jones was quoted as saying.
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Citi to use scalpel not axe in trimming Asia units
By Tony Munroe
and Saeed AzharPosted 2008/11/20 at 5:11 am EST
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"I want to emphasize that we are changing the way we operate and not pulling back from our clients or our franchise," Ajay Banga, Citigroup's Asia-Pacific chief, said in a note to employees this week obtained by Reuters.
"As we move forward, we will need to invest in opportunities and continue to hire in high-growth areas," he said.
Citigroup has around 55,000 staff in Asia
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Despite Global Job Cuts Citigroup Hiring Microbankers in India
Despite reports that they are planning job cuts in relatively expensive locations across the globe such as New York, London and Hong Kong, Citigroup Inc, the US based financial services organisation, is planning to open more branches and expand its workforce throughout India, especially in the microfinance area. The news follows the addition of more than 4000 staff in India over the past year, bringing Citigroup’s total employees there to 22,000.
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Citigroup plans to add more than 10,000 jobs in Asia
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Citigroup plans to buy the Bank of Overseas Chinese in Taiwan and Nikko Cordial, the brokerage house based in Tokyo.
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"Expansion in Japan should be very good," he said, referring to the proposed $13.4 billion purchase of Nikko Cordial.
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Citigroup Property Investors Closes US$1.29 Billion CPI Capital Partners Asia Pacific, L.P. Fund.