Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Capital Group Lays Off 500 Workers Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 4, 2009

Capital Group Lays Off 500 Workers

Reported by Armie Margaret Lee

The Capital Group Cos., which runs American Funds, laid off around 500 employees on Tuesday, a company spokeswoman confirmed to The MFWire. The cuts did not affect the Los Angeles-headquartered company's investment professionals.

The reduction occurred in North America, Europe and Asia, according to the spokeswoman. The layoffs included 25 in San Antonio, Texas, where Capital Group employs 1,400 people, San Antonio Express-News reported.

Tuesday's layoffs came in the wake of the elimination of 60 positions in the Geneva and London offices of the company's global institutional group last November (see The MFWire, 11/21/08). 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use