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Site Admin  Joined: Tue Sep 15, 2009 6:09 pm Posts: 7425 Location: Northern Ontario 
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 Morgan Stanley to cut 580 jobs in New YorkOf the 1,600 job cuts announced earlier this month by Morgan Stanley, 580 will be at its home base in New York.
The relentless tug of the dismal economy is hitting employees in the banking sector hard, and it's no surprise that many of the job cuts are hitting the epicenter of the financial industry. Citigroup, with its headquarters a seven-minute drive up Park Ave. from Morgan Stanley in Manhattan, said recently that it would eliminate 4,500 jobs, or about 1.5 percent of its global work force of 267,000, over the next few quarters. But jobs are being slashed by banks almost everywhere. http://finance.yahoo.com/news/morgan-st ... 48870.html _________________ In loving memory of my son Chris April 12 1985-June 19 2007 I don’t think it’s a matter of “is it coming.” I think that it’s already here, it’s just a matter of perspective. From one perspective, our frog friends are telling us that we should be grateful that the “spa” is hot and luxurious. From the cook’s perspective… another 10 minutes and we’ll be dinner. |
| Wed Dec 28, 2011 12:24 pm |
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