BoA reportedly plans massive layoff
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No. 3 US bank will lay off hundreds from newly acquired Fleet branches, &#39;Boston Globe&#39; reports. NEW YORK  - Bank of America Corp. plans to lay off hundreds of tellers and other employees at Fleet bank branches, said a newspaper report Wednesday, ...
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America Online, the world&#39;s largest Internet service provider, plans to lay off more than 700 employees early next month, or 5 percent of its US work force, to cut costs and meet financial goals, a source close to the company said on
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Description: Legislators from Massachusetts accuse top executives at Bank of America of breaking their word and improperly laying off hundreds of employees in the state and surrounding region.
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Fort Worth, Texas - American Airlines, the world&#39;s largest, has announced plans to lay off 1 100 pilots, mechanics and other ground staff in the months to come, with more cuts in the future, as it struggles to reduce costs amid falling revenue.
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NEW YORK (CBS.MW) -- Bank of America is planning to lay off hundreds of tellers and other branch staff at FleetBoston banks Wednesday and will ask them to leave the building immediately, the Boston Globe reported, citing bank managers and documents sent ...
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Sovereign Bancorp Inc. is reportedly on the brink of cutting several hundred jobs and closing its wholesale mortgage banking unit, the first major change at the bank since veteran Boston executive Joseph P. Campanelli took the helm in October.
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American Banker reports Ken Lewis, chief executive of Charlotte-based Bank of America Corp. says the bank has laid off 1,365 former FleetBoston Financial Corp.
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Bank of America Corp. said yesterday it will slash 3,000 jobs from its workforce of nearly 200,000 and move its top Boston executive to New York to take over the company's troubled investment banking unit.
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The layoffs are expected to come by November First, with most coming at Belo&#39;s flagship newspaper, The Dallas Morning News. Belo also says it&#39;s reassessing the future of its Dallas-based Texas Cable News television operation.
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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.
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Bank of America Corp  on  Wednesday said it planned to eliminate 3,000 jobs, and shook up  its corporate and investment bank after a dismal quarter at  that unit led to a 32 percent drop in overall profit.
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Lehman Brothers Holdings and the National City Corporation said yesterday that they would lay off more than 2,000 workers as the banks scale back their struggling mortgage businesses.
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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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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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About 420 people will be laid off, with most of the cuts coming in New York. International offices will also close.
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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 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