Citi to Offer 6,000 Jobs for Young People in Asia as Covid-19 Boosts Unemployment

   By Yifan Wang

Citigroup Inc. said it plans to offer 6,000 jobs for young people in Asia over the next three years as the region's unemployment intensifies amid the coronavirus pandemic.

The U.S. bank will also launch 60,000 skill-training opportunities during the period, it said in a statement Friday.

The bank's Asia-Pacific branch, as well as Citi Foundation, its philanthropy fund focused on investments that promote economic progress, has committed $35 million to improve employment and opportunities for young people from low-income, underserved communities in Asia by 2023.

The job and skill-training opportunities will span Citi's Asia-Pacific retail and institutional businesses, it said.

"Communities in Asia-Pacific are facing a youth unemployment crisis due to the impact of Covid-19," said Peter Babej, Citi's Asia-Pacific CEO.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

September 18, 2020 02:10 ET (06:10 GMT)

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