Bank of America to Cut 4,500 More Jobs
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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., which employs about 700 people in the Nashville area, plans to cut about 2.5 percent, or 4,500 jobs, from its work force nationally.
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AT&T Corp. T.N will cut another  7,400 jobs and reduce the value of its assets by $11.4 billion,  spurred by its retreat from traditional consumer telephone  services, the company said on Thursday.
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The layoffs are a result of Bank America&#39;s merger with FleetBoston Financial Corporation.
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CHARLOTTE, NC Oct. 7, 2004 - 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.
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Employers cut 4,000 jobs in August, the first time in four years that monthly hiring contracted, the government said on Friday in a report certain to boost pressure on Federal Reserve policy makers to cut interest rates.
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , which suffered bad publicity over layoffs at former Fleet branches, on Friday said it will move an additional 300 jobs to Boston next year.
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- Motorola Inc.  said it expects to cut an additional 4,000 jobs as it continues to lower costs.
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STAFF WRITER; Staff writers Alan J. Wax and Regina Marie Glick contributed to this story. As Bank of America pushes ahead with its takeover of Fleet Bank, about 1,000 jobs were cut companywide yesterday throughout the Northeast, ...
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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.  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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AT&amp;T Corp. said it will cut 7,400 more jobs this year and write down $11.4 billion of assets as the phone company retreats from the residential business it once dominated.
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Bank of America began cutting jobs Wednesday but officials would not confirm how many or where. But a spokeswoman said cuts were occurring, and would eventually reach 12,500, the same number given in spring when the merger became final.
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CHARLOTTE - Bank of America Corp. , the second-biggest US bank, plans to stop making loans to mortgage brokers by year-end, a move that will cut 700 jobs, the bank said yesterday.
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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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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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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.