American Express will lay off another 4000 people

U.S. credit card Giant Express 18th announced that it will further cut 4,000 jobs, accounting for about 6% of the total number of employees around the world. It said it hopes to save 800 million dollars in the remainder of 2009.　　Last October, the Express announced a layoff of 7000 people to save $1.8 billion in 2009 years. It also said the layoffs would allow the company to count at 1 in the second quarter of this year. 800 million to 2. 500 million dollars in restructuring expenses.　　In addition to job cuts, the company plans to cut operating costs such as investment spending and travel expenses. Kenneth Cheno, chairman and chief executive of the Express company, said that while the company remained profitable in part of the credit-card industry, it was cautious about future economic prospects and decided to implement further restructuring to cut operating costs. (Above all according to Xinhua news Agency)