Almost 5,000 jobs cut on Bank of America getting funds
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Bank of America has an option to cut at least 4,500 jobs while reorganizing its structure. This is not the first time when the bank reduces jobs.
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Bank of America Corp. (BAC.N: Quote, Profile, Research) on Thursday said it would increase the number of jobs it will cut by 36 percent to 17,000 after its acquisition of FleetBoston Financial as it simplifies operations.
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Bank of America officials confirm they laid off an unspecified number of employees at hundreds of Fleet Bank branches, a byproduct of the merger of the two banks.
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While they have been quick to say how much customers will enjoy doing business with Bank of America now that it has taken over Fleet branches, bank officials have had little information to offer about how jobs will be impacted by the ...
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CHARLOTTE, N.C. -- After a tough third quarter, Bank of America Corp. has become the latest bank to slash jobs due to poor results brought on by the unrest in global credit markets.
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The largest retail bank in the US - Bank of America - is to cut 4,500 jobs as part of its ongoing integration of FleetBoston.
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Bank of America Corp., the third- biggest US bank, will cut 4,500 jobs in addition to the 12,500 positions it will eliminate as part of the purchase of FleetBoston Financial Corp.
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Bank of America said it will cut about 4,500 positions, or about 2.5 percent of its workforce, beginning this month. The layoffs will take place across the bank&#39;s geographic footprint and in all lines of business
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Bank of America Corp. said yesterday it will eliminate 4,500 more jobs as it absorbs the operations of FleetBoston Financial Corp.
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Bank of America said Thursday it will layoff 4,500 employees as part of the companyâs ongoing integration of FleetBoston Financial.
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Aug 19 - Over 1,500 bank tellers and other employees at Fleet bank branches across the US were given pink slips yesterday as Bank of America wraps up its $48 billion April 2004 merger with FleetBoston Financial, according to the Boston ...
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Bank of America will donate $5 million to mostly repay medical school loans of primary care doctors who agree to practice in Eastern Massachusetts community health centers, which are bracing for thousands of additional patients who will have coverage under the state's new health insurance law.
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An association of community bankers say they are &quot;concerned&quot; about Bank of America Corp.&#39;s decision to move FleetBoston Financial&#39;s small-business banking unit to Charlotte, NC, from Boston and lay off hundreds of branch workers.
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Bank of America Corp.  on Thursday said it would increase the number of jobs it will cut by 36 percent to 17,000 after its acquisition of FleetBoston Financial as it simplifies operations.
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NEW YORK - America Online plans to cut about 700 jobs next month, a person familiar with the matter said yesterday. The 5 percent cut in its US work force is an attempt to meet financial targets as users leave the service for broadband connections.
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CHARLOTTE, NC -- Bank of America said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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BOSTON -- Bank of America, which was sharply criticized after it cut jobs at former Fleet branches here, said Friday it plans to move an additional 300 jobs from its Wealth &amp; Investment Management businesses to Boston.