Regional Bank in Ohio to Trim 900 Jobs
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The National City Corporation said it was cutting its dividend by nearly half and shutting its wholesale mortgage division.
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Spain&#39;s Banco Santander Central Hispano is expected to announce today that it will cut up to 3,000 jobs at Abbey National if it succeeds with its agreed bid for the UK bank, the Financial Times reported.
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The British Broadcasting Corp. will cut about 2,900 jobs &#151; more than a tenth of its work force &#151; in a drive to reduce costs, the company's director-general told staff on Tuesday.
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A federal agency said Wednesday that it has taken responsibility for a pension plan covering nearly 1,900 workers and retirees of Oneida Ltd., a designer and distributor of tableware.
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National City Corp , one of the 10 largest U.S. banks, said on Wednesday it will cut its common stock dividend 49 percent and eliminate 900 jobs as it stops offering mortgages through brokers.
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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 said Thursday that it would cut an additional 4,500 jobs from its work force, increasing the number pared since its acquisition of FleetBoston Financial by 36 percent, to 17,000.
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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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EarthLink Inc  said on Tuesday  it will cut about 900 jobs as part of a restructuring to reduce  costs, and its board authorized an additional $200 million  share buyback, sending its shares up 10 percent.
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Delta Air Lines  on Wednesday said it plans to eliminate between 6,000 and 6,900 jobs during the next 18 months, implement a 10 percent across-the-board pay reduction and reduce employee benefits.
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Charlotte-based Bank of America Corp. will slash 4,500 positions from its work force, or about 2.5% of its payroll. The company expects to incur charges of $150 million over three quarters, beginning in the third quarter, from severance payments.
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Connecticut's attorney general, Richard Blumenthal, said yesterday that Bank of America Corp. told him it would cut 100 jobs in Connecticut but add about the same number, marking the first time the bank has given any state an account of how many employees would be affected by its merger with FleetBoston Financial Corp.
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Delta Air Lines on Wednesday said it plans to cut between 6,000 and 6,900 jobs during the next 18 months, implement a 10 percent across-the-board pay reduction and reduce employee benefits in a bid to avoid bankruptcy.
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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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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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EarthLink Inc said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
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General Motors Corp.  will cut about 900 jobs early next year at a pickup truck plant in Pontiac, Michigan, in a move underscoring sagging demand for some of its most profitable vehicles.