Citigroup chief Prince denies job cut talks

Citigroup chief Prince denies job cut talks

Our Web Bureau / Mumbai March 27, 2007

Under pressure from shareholders, Citigroup is planning to shed thousands of jobs and focus outside North America for growth', according to a report on the website of New York Times.

Charles Prince, chief executive, Citigroup, however, vehehently denied the report and termed it as 'press voyeurism'.

It is unclear how many of Citis high-cost jobs could be moved to India where Citigroup already has about 22,000 employees. Prince said India has been the single biggest driver of growth for Citigroup