Citi to cut 20,000 roles in a bid to boost returns

Citi employs 2,900 in Dublin and recently expanded operations here

Citi operates in nearly 160 countries including Ireland.

Citigroup, which employs 2,900 people in Ireland, plans to cut 20,000 jobs worldwide over the next three years in a major cost-cutting move.

In a trading update, the company said the job cuts, which amount to about 10% of its global workforce, would save up to €2.3bn.