Bank of Amer. to cut 12,500 jobs

[donsu]

http://www.miami.com/mld/miamiherald/business/national/8361168.htm

Bank of America Corp., newly merged with FleetBoston Financial Corp., said Monday it will cut 12,500 jobs - or nearly 7 percent of its work force - over the next two years.

Approximately 30 percent of the cuts will come through attrition, the Charlotte-based bank said, with the remaining jobs - about 8,750 - being eliminated through layoffs and vacancies that won't be filled.

The cuts will begin this month, as the company starts to notify affected employees from its combined workforce of 181,000.

Workers leaving corporate headquarters in downtown Charlotte after work Monday were not all aware an announcement had been made.
-snip-
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it's not stopping, the jobs are draining away.

[trogdor]

1. How many are moving overseas?

Bank of America owns the VISA brand. You all know what to do.

[dweller]

2. *moron spinning the economy, and job training yesterday

in Charlotte...i wonder how many of these BoA employees were there enthralled by his words....

"Workers leaving corporate headquarters in downtown Charlotte after work Monday were not all aware an announcement had been made."

bet they're aware now...
dp

[daa]

3. How much you want to bet

SC still goes for shrub?

[dweller]

4. charlotte is in NC

but SC may go Dem if Edwards is on the ticket...hopefully there's enough pissed off people in NC too.

dp