Financial firms cut jobs at fastest rate
Over the last three months, financial services firms cut jobs at thefastest rate since 1993 as busin...
Over the last three months, financial services firms cut jobs at thefastest rate since 1993 as business fell for a second successive quarter,according to a CBI/PricewaterhouseCoopers survey of the industry - andinsurers were cutting jobs at the fastest rate. The study shows 43% offinancial companies decreasing staffing during the first quarter of 2003.In the face of a climate of market weakness and global tension, optimismfell more quickly than at any time since September 1998; 55% of
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