DENVER -- "Keep Colorado Working Day" ended with the announcement by yet another major U.S. company that jobs will be cut.

Two-hundred management and staff jobs with Colorado-based Western Union will be eliminated by the end of December.

Sixty of those jobs will come from the company's corporate headquarters in Arapahoe County.

"We explored many other areas before coming to this conclusion. And the company remains committed to supporting the employees through this difficult transition," said Daniel Diaz, Western Union spokesman. "As most companies in the U.S., we're looking at specifically streamlining and working towards delivering results to our shareholders, to our customers, better services."

The third-party transaction firm saw revenue increase 10-percent in the third quarter of 2008.

But consumer-to-business revenue, bill paying services, were down sharply from annual forecasts.

"We're seeing lesser transactions but the principals are prety much the same," Diaz said.

Governor Bill Ritter had declared Thursday, Nov. 20 "Keep Colorado Working" Day as a way to focus state resources on aggressive economic development.

Ritter is in Japan and China this week on a trade mission but will certainly want updates Friday, as the state's anticipated unemployment numbers for October will be released.

Those numbers are expected to mirror the incerease in national unemployment statistics.