Bank of America to cut 4,500 jobs
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Bank of America Corp., which operates 25 branches in the Houston area, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.
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Motorola Inc. , the world&#39;s  second-biggest mobile phone maker, said it expects to cut an  additional 4,000 jobs, bringing the total to 7,500 this year,  as it works to reduce costs to return to profit.
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The company said the move was part of its ongoing integration of FleetBoston Financial, which it bought last year. Bank of America, the largest retail bank in the US, said the cuts would not violate any job
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JPMorgan Chase on Wednesday canceled its $5 billion outsourcing deal with IBM and said it would rehire about 4,000 workers who had been transferred to IBM under the arrangement.
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Bank of America Corp , the second-largest U.S. bank, plans to lay off 3,000 people in its corporate and investment banking unit, including its chief, the Wall Street Journal reported Wednesday, citing people familiar with the situation.
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Bank of America said yesterday that it would cut another 4,500 jobs in the wake of its $47bn merger with rival bank FleetBoston. The cuts amount to 2.5% of the combined group&#39;s workforce.
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Bank of America will begin this month to cut 4,500 jobs across the company, predominantly in non-customer-facing positions. Bank of America said the cuts will spell $150 million in severance
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CHARLOTTE, N.C.  -- Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp. last spring.
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The Bank of America Corporation said yesterday that it would cut an additional 4,500 jobs from its ranks, beginning this month, as it simplifies operations.
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Bank of America Corp. plans to lay off hundreds of tellers and other branch employees at Fleet banks today, asking them to leave the building immediately as part of the process, according to documents obtained by the Globe and Fleet branch managers told of the decision.
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Bank of America Corp. BAC.N will cut  an additional 4,500 jobs from its ranks, increasing the number  of jobs lost since its FleetBoston Financial acquisition by 36  percent to 17,000.
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Cardinal Health Inc. said it will cut 4,200 jobs as part of a three-year restructuring plan aimed at boosting annual earnings by $500 million.
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Bank of America Corp , the  second-largest U.S. bank, plans to lay off 3,000 people in its  corporate and investment banking unit, including its chief, the  Wall Street Journal reported Wednesday, citing people familiar  with the situation.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan aimed at improving sagging financial and operational results.
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Employers sliced payrolls by 4,000 in August, the first drop in four years, a stark sign that a painful credit crunch that has unnerved Wall Street is putting a strain on the national economy.
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A Labor Department report showed that the economy lost 4,000 jobs in August, the first drop in 4 years, suggesting that turmoil in the financial markets could be spreading.
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The decision comes on top of 12,500 job cuts that the bank initially said it would eliminate during the merger. The bank&#39;s move drew fire from two Massachusetts