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AmEx restructuring means layoffs

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AmEx restructuring means layoffs

E
euronews (in English)

10 Views • Jan 11, 2013

Description

Credit card company American Express is to cut about 5,400 jobs - that is around 8.5 percent of its workforce.

The layoffs are part of restructuring to save money and adapt to the fact that people are increasingly making bookings online or with mobile phones instead of through travel agents.

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http://www.euronews.net/