American Express said Thursday that it will eliminate about 5,400 jobs this year, ending 2013 with overall staff levels down 4% to 6% from the current total. The company will take a $400 million restructuring charge as result. At the same time Amex AXP +0.88% reported flat fourth-quarter adjusted profit on higher revenue and said that "cardmember spending, revenue growth and credit quality remained strong during the fourth quarter despite an uneven economy.
Friday, January 11, 2013
American Express to slash 5,400 jobs - MarketWatch
American Express to slash 5,400 jobs - MarketWatch
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