BofA seeks severance refunds [View All]

[Robert Oak]

Bank of America Corp. has sent letters to about 70 employees laid off during its merger with FleetBoston Financial Corp. asking them to repay a portion of the money they received in severance.

One former worker, Alisa Drayton of Boston, said the bank asked her to send a check for more than $7,000 in December. "I thought it was so mean-spirited. Why would you send this a week or two before Christmas?" said Drayton, who worked as a corporate finance associate for Fleet's securities unit and is currently unemployed.

When Drayton still hadn't paid in February, the bank sent another letter asking for more than $9,000.

http://www.miami.com/mld/charlotte/business/industries/11379964.htm

While this isn't a major story on the economy, jobs and so forth,
it was so outrageous and to me typifies the attitude towards
working people in the US. BoA is outsourcing, already had one laid off
employee commit suicide in the parking lot after being told and now
this. Note how they seem to love to do these things right before
Christmas...could care less about people, just how to balance their
books at the end of Q4.