Around one-sixth of posts at Citigroup's funds administration business in Edinburgh are to be axed as the US banking giant moves work to lower cost locations.
Some 50 jobs are likely to go at the operation, although this will not occur until the end of 2013 and some staff are likely to be offered other roles within the company.
Citigroup said it is committed to retaining a base in the capital and a spokesman said "Citi is proposing to move a limited number of roles currently based in Edinburgh to locations outside the UK"
Around 300 people currently work for Citigroup in Edinburgh..
Read more: Citigroup to axe one in six Edinburgh posts | Herald Scotland
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