RBS may fire 10,000 exployees, Pepsi may give 4000 pink slips

PUBLISHED ON: January 5, 2012 | Duration: 22 min, 59 sec

   
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The US job market seems to be on a mend as jobless claims fall by 15,000 last week while the private sector adds 325,000 jobs in December. But, retail sales in the December holiday period are mixed. Also, the Wall Street is dragged down by new concerns about the health of Europe's banks as the Euro sells off and yields on French long-term bonds rise. Meanwhile, reports suggest that Royal Bank of Scotland may fire 10,000 employees, and Pepsi may give pink slips to about 4000.

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