Bank of America reveals plans to lay off 4,500
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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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Bank of America says it is to cut about 3,000 jobs as it restructures its loss-hit investment bank division.
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The axe has fallen. Bank of America said it will eliminate 3,000 jobs following its announcement last week of a huge drop in earnings for the third quarter. Most of the layoffs will come from its investment banking unit. BofA also said it was starting a strategic review of its investment banking business, raising [...].
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DaimlerChrysler AG   could lay off up to 4,000 in North American truck operations next year, Andreas Renschler, a member of the automaker's board of management who heads its truck operations, said on Monday.
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Motorola Inc. said Wednesday it would lay off 4,000 more workers as the Illinois-based company works to improve its financials.
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Bank of America Corp. yesterday laid off hundreds of workers at Fleet bank branches across the Northeast as the North Carolina bank began to implement its brand of customer service on the institution it purchased for $48 billion in April. The changes signal a shift toward a heavier reliance on part-time tellers, which would improve customer service during peak hours ...
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Bank of America Corp  said on Tuesday it would eliminate 650 corporate and investment banking jobs and sell its equity prime brokerage business, as the second-largest U.S. bank retrenches in the face of difficult credit market conditions.
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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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The nation's fourth-largest bank plans to shore up $3.5 billion
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Merrill Lynch & Co  plans to  announce about 1,600 layoffs after disclosing fourth-quarter  write-downs, CNBC reported on Thursday.
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Bank of America Corp  said on  Tuesday it would eliminate 650 corporate and investment banking  jobs and sell its equity prime brokerage business, as the  second-largest U.S. bank retrenches in the face of difficult  credit market conditions.
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , plans on Wednesday to lay off hundreds of tellers and other employees at Fleet bank branches, and ask them to leave immediately, the Boston Globe said on Wednesday, citing ...
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Hundreds of branch employees at Fleet Bank, one of the largest banks in Philadelphia and now part of Bank of America, are being laid off Wednesday across the Northeast.
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The UK's biggest insurer, Aviva, announces plans to cut 4,000 jobs at its Norwich Union business by 2008.
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CHARLOTTE, NC - Bank of America said Thursday it will cut about 4,500 jobs beginning this month as a result of its merger with FleetBoston Financial Corp.
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Bank of America Corp. will make further cuts to its work force, eliminating another 4,500 positionsâor 2.5 percent of its employee baseâduring the next six months.
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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.