Boston, Apr 11, 2007 (MidnightTrader via COMTEX News Network) -- Citi (C) says it is restructuring and expects to record a charge of $1. 38 billion pre-tax, $871 million after-tax, in Q107, and additional charges totaling approximately $200 million pre-tax over the subsequent quarters of 2007. Included in the restructuring is the elimination of layers of management and consolidation of certain back-office, middle-office and corporate functions at the business, regional and headquarters levels to eliminate duplication. It expects 17,000 jobs will be cut. GET MIDNIGHTTRADER IN REALTIME: This report is delayed. The full MidnightTrader extended-hours trading analysis and news service is available in real-time through COMTEX. For more information and to signup for a FREE TRIAL visit http://www. MidnightTrader. com/free_trial. php . ABOUT MIDNIGHTTRADER: MidnightTrader is the premier source of extended-hours US equity trading analysis, news and forecasting for the retail and institutional investment community. MidnightTrader's extended-hours analytical trading service empowers both retail and institutional equity traders by providing the information necessary to make the most informed and opportunistic investment decisions. http://www. midnighttrader. com
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