JPMORGAN employees threatened ax

New York, first - the ongoing global recession forced many companies merumahkan some of their workers. It also will be performed JPMorgan Chase & Co.. State Bank of Uncle Sam with the largest amount of assets that will cut around 9,200 the number of employees in Washington Mutual Inc. (WaMu), which are spread throughout the world.

Just enough to remind, JPMorgan is buying almost all of WaMu units with a value of 1.9 billion U.S. dollars in September after the bank was taken over by the Federal Deposit Corp. Incurance. It also includes the purchase of some branches and deposits WaMu.

According to the plan, the bank will eliminate approximately 4,000 employees and will be placed around 5,200 other employees in the transition team. He JPMorgan According to Thomas Kelly, the employees will help integrate the banking company and some of them will remain in their respective positions until the end of next year.

JPMorgan own plan to maintain a majority in many WaMu employees and branches will close at least 10 percent of the company's retail outlets. Yesterday, the employees have been notified about their status in the company. And until the end of last June, WaMu has more than 43,000 employees.

According to the daily Seattle Times, yesterday, later headquarters in Seattle WaMu will also cut the number of employees as much as 3,400 employees. It will also be conducted similar to the WaMu based in California with trimming as many as 1,600 employees, the majority working in the back office.

The existence of this plan of course affect the price of JPMorgan shares. Throughout this year, JPMorgan shares have anjlok by 40 percent.