28 Jun '11, 12am

Goldman Sachs to add 1,000 jobs in Singapore #finance #employment #biz

NEW YORK - Goldman Sachs is set to announce significant job cuts in its United States offices, while planning to add "1,000 jobs" in Singapore, according to sources in Washington. Fox Business Network, citing a source with knowledge of the matter, reported yesterday that the jobs in Singapore are likely to be "high-paying, skilled positions in sales and investment banking". Added the source: "They are expanding overseas, the same type of high-paying jobs they are going to cut here in the US." The source said the bank has taken the precautionary step of informing the US government of the impending moves, even before it informed its shareholders, as it is "afraid of the fallout" in America. Executives are "so concerned about this juxtaposition - cutting here, expanding overseas - that they are spending time in Washington alerting lawmakers before it comes public to soften th...

Full article: http://www.todayonline.com/Business/EDC110628-0000397/Gol...

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  1. 06 Jul '13, 10pm

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