Monday, May 18, 2009

American Express to eliminate 4,000 jobs

NEW YORK (Reuters) – American Express Co (AXP.N), the credit card and travel services company, on Monday said it plans to eliminate 4,000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaults.

http://news.yahoo.com/s/nm/20090518/bs_nm/us_americanexpress

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