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1/26/12

JP Morgan reportedly will trim 100 workers?

NEW YORK. JP Morgan Chase & Co. reportedly will cut 100 workers. According to one source who declined to name mentioned Bloomberg, trimming it originates from the division of JPMorgan Treasury and Securities Services. 
This step isperformed as a bank employee staff adjustments periodically.

The source also said, at the end of 2011, the unit employs about27,825 workers who are not planning to increase the number of employees laid off yag. Management JPMorgan itself has beeninformed about it yesterday (25 / 1).

This division handles the payment processing and cash management services to institutional clients.
source:kontan.co.id
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