American Express announce plans to cut 5,400 jobs
American Express has announced plans to cut 5,400 jobs worldwide from its total workforce of 63,500 by the end of 2013.
The credit card provider said it took almost $600m (£370m) in after-tax charges in the fourth quarter of 2012.
The company said that these charges would halve its net profit for the quarter from $1.2bn to $637m. Click below for full story -
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