#1
|
||||
|
||||
Bank of America cuts 12,500 jobs
http://money.cnn.com/2004/04/05/news...ex.htm?cnn=yes
Bank of America cuts 12,500 jobs Banking giant plans to reduce work force as a result of its $48 billion purchase of FleetBoston. April 5, 2004: 4:23 PM EDT NEW YORK (Reuters) - Bank of America Corp. Monday said it plans to cut 12,500 jobs as a result of its $48 billion purchase of FleetBoston Financial Corp. Chief Executive Kenneth Lewis has targeted $1.6 billion of cost savings from the merger. The cuts will take place over the next two years, and about 30 percent of them will come through attrition, the bank said. Charlotte, N.C.-based Bank of America on April 1 completed its purchase of Fleet. The purchase created the No. 3 U.S. bank after Citigroup Inc. (C: Research, Estimates) and J.P. Morgan Chase & Co. (JPM: Research, Estimates), once the latter buys Bank One Corp. (ONE: Research, Estimates). Bank of America (BAC: Research, Estimates) has about $938 billion of assets, 5,700 banking offices in 29 states and Washington, D.C., and about 36 million customers. |
. |
#2
|
||||
|
||||
That is awful news. There are a lot of people employed by Fleet here in Rhode Island. Thankfully I left that horrible company 10 years ago!
|
#3
|
||||
|
||||
Re: Bank of America cuts 12,500 jobs
Quote:
I need to watch Roger & Me again. - Jake
__________________
The hair went from perm to growing out perm to really bad growing out perm to almost straight to good straight to long straight to beautiful straight to a lot of work straight back to the perm. |
|
|
Between Friends LP by Billy Burnette vinyl 1979 VG+ PD-1-6242 Polydor Records
$3.00
Billy Burnette - Billy Burnette [New CD] Rmst, Reissue
$15.38
Billy Burnette - Billy Burnette - CD
$16.99
BILLY BURNETTE β BELIEVE WHAT YOU SAY 7" VINYL 45 RPM PROMO POLYDOR PD 14549 VG+
$6.79
Billy Burnette - Gimme You [New CD]
$15.38