DOL Exposes Citigroup Plans To Fire Hundreds From Greenwich Street Office

A few days ago, Citigroup announced it would lay off 4500 bankers around the world, although with nothing more definitive, the bank's employees likely thought that "out of sight means out of mind", especially with the holiday season days away. To their chagrin, our latest favorite website, the Department of Labor's "WARN" site, which usually well ahead of various HR offices will advise New York bank employees how many and which office are going to lay people off. Sure enough, here is Citigroup, with just disclosed plans to fire 413 people, with full breakdown by which offices are to be affected. If you are one of the several hundred to be laid off from the 388/390 Greenwich location, our condolences: fear not - the economy is getting better; after all last week initial claims for unemployment benefits literally tumbled meaning the re-depression is now over. You will be back working in the comfortable confines of infinitely rehypothecated fractional reserve banking in no time.

From WARN:

Date of Notice:    12/9/2011                                                                           

Control Number: 2011-0183

Rapid Response Specialist :  Linda Foehr

Reason Stated for Filing:  Plant Layoff        

Company:  Citigroup Inc. and its NY Subsidiaries

Various locations in NYC

New York, NY

County: New York | WIB Name: NEW YORK CITY| Region: New York City

Contact:                  Sheri Paulo, Director of Employee Relations                                                             

Phone: (415) 658-4507

Business Type:  Financial institution

Number Affected:  413    

Total Employees:                  -----     

Layoff Date:  9/1/2011-12/31/2011             

Closing Date:  -----                             

Reason for Dislocation:  Economic

ERNUM:  -----

Union:  No union represents these employees and there are no bumping rights applicable to the terminated employees.          

Classification:  Plant Layoff

Other Affected Citigroup locations:

  • Citigroup Global Markets Inc. 390 Greenwich Street, NY, NY 10013 – 117 affected
  • Citigroup Global Markets Inc. 388 Greenwich Street, NY, NY 10013 – 80 affected
  • Citicorp North America Inc. 388 Greenwich Street, NY, NY 10013 – 15 affected
  • Citigroup Technology Inc.  388 Greenwich Street, NY, NY 10013 – 8 affected
  • CITIBANK N.A. 388 Greenwich Street, NY, NY 10013 – 33 affected
  • LavaFlow Inc. 388 Greenwich Street, NY, NY 10013 – 2 affected
  • CITIBANK N.A. 390 Greenwich Street, NY, NY 10013 – 9 affected
  • Citicorp North America Inc. 390 Greenwich Street, NY, NY 10013 – 2 affected
  • Citigroup Technology Inc.  390 Greenwich Street, NY, NY 10013 – 7 affected
  • Automated Trading Desk LLC 388 Greenwich Street, NY, NY 10013 – 1 affected
  • CITIBANK N.A. 1 Court Square Long Island City NY 11120 – 22 affected employees
  • Citigroup Global Markets Inc. 1 Court Square, Long Island City NY 11120 – 3 affected
  • Citigroup Management Corp. 1 Court Square, Long Island City, NY 11120 – 1 affected
  • Citigroup Technology Inc. 1 Court Square, Long Island City, NY 11120 – 5 affected
  • CITIBANK N.A. 111 Wall Street, New York, NY 10005 – 9 affected
  • Citicorp North America Inc. 111 Wall Street, New York, NY 10005 – 1 affected
  • Citigroup Global Markets Inc. 111 Wall Street, New York, NY 10005 – 15 affected
  • Ctitgroup Inc. 111 Wall Street, New York, NY 10005 – 1 affected
  • Citigroup Technology Inc. 111 Wall Street, New York, NY 10005 – 3 affected
  • Citigroup Global Markets Inc. 114 7th Avenue, Brooklyn, NY 11215 – 1 affected
  • Citigroup Global Markets Inc. 115 East 23rd Street, NY NY 10010 – 1 affected
  • Citigroup Global Markets Inc. 120 Broadway, NY, NY 10005 – 1 affected
  • CITIBANK N.A. 127 Hudson Street, NY, NY 10013 – 1 affected
  • Citigroup Global Markets Inc. 127 Hudson Street, NY, NY 10013 – 1 affected
  • Citigroup Global Markets Inc. 14 Wall Street NY, NY 10005 – 1 affected
  • Citigroup Global Markets Inc. 145-42nd Street, NY, NY 10017 – 1 affected
  • Citigroup Global Markets Inc. 1528 Sheepshead Bay Road, Brooklyn NY 11235 – 1 affected
  • CITIBANK N.A. 164 Canal Street, NY, NY 10013 – 1 affected
  • Citigroup Global Markets Inc. 170 W. 72nd Street, NY, NY 10023 – 1 affected
  • Citigroup Global Markets Inc. 171 E. 72nd Street, NY, NY 10023 – 1 affected
  • Citigroup Global Markets Inc. 1970-92 Ralph Avenue, Brooklyn, NY 11234 – 1 affected
  • Citigroup Global Markets Inc. 25-47 Parsons Blvd, Flushing, NY 11354 – 1 affected
  • Citigroup Global Markets Inc. 2861 Broadway, NY, NY 10025 - 1 affected
  • CITIBANK N.A. 330 Madison Avenue, NY, NY 10017 – 1 affected
  • Citigroup Global Markets Inc. 330 Madison Avenue, NY, NY 10017 – 1 affected
  • CITIBANK N.A. 38-17 Main Street, Flushing NY 11354 – 1 affected
  • Citigroup Global Markets Inc. 38-17 Main Street, Flushing NY 11354 – 1 affected
  • CITIBANK N.A. 399 Park Avenue, NY, NY 10022 – 2 affected
  • Citigroup Global Markets Inc 399 Park Avenue, NY, NY 10022 – 5 affected
  • Citigroup Global Markets Inc. 411 Fifth Avenue, NY, NY 10011 – 2 affected
  • Citigroup Technology Inc.  425 Park Avenue, NY, NY 10022 – 2 affected
  • CITIBANK N.A. 485 Lexington Avenue, NY, NY 10017 – 7 affected
  • Citigroup Management Corp 485 Lexington Avenue, NY, NY 10017 – 1 affected
  • CITIBANK N.A. 52 East 14th Street, NY, NY 10003 – 1 affected
  • Citigroup Global Markets Inc. 555  Laguardia Place, NY, NY 10012 – 1 affected
  • Citigroup Global Markets Inc. 5671 Riverdale Avenue, Bronx, NY 10471 – 1 affected
  • Citicorp North America Inc. 601 Lexington Avenue, NY, NY 10022 – 1 affected
  • Citigroup Global Markets Inc. 601 Lexington Avenue, NY, NY 10022 – 1 affected
  • Citigroup Technology Inc. 601 Lexington Avenue, NY, NY 10022 – 1 affected
  • CITIBANK N.A. 640 Fifth Avenue, NY, NY 10019 – 1 affected
  • Citigroup Global Markets Inc. 640 Fifth Avenue, NY, NY 10019 – 1 affected
  • CITIBANK N.A. 666 Fifth Avenue, NY, NY 10103 – 18 affected
  • Citigroup Global Markets Inc. 757 Madison Avenue, NY, NY 10021 – 1 affected
  • Citigroup Global Markets Inc. 79 5th Avenue, NY, NY 10003 – 1 affected
  • Citigroup Global Markets Inc. 800 3rd Avenue, NY, NY 10022 – 1 affected
  • Citigroup Global Markets Inc. 80-19 Roosevelt Avenue, Jackson Heights, NY 11372 – 1 affected
  • Citigroup Global Markets Inc. 836 Manhattan Avenue, Brooklyn, NY 11222 – 1 affected
  • CITIBANK N.A. 909 Third Avenue, NY, NY 10022 – 1 affected
  • CITIBANK N.A. NY Telecommuter – 1 affected
  • Citigroup Technology Inc. NY Telecommuter – 8 affected
  • CITIBANK N.A. Two Mott Street, NY NY 10013 – 1 affected

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