2008-12-11 — marketwatch.com
Bank of America Corporation is working on a plan to eliminate a significant number of positions over the next three years reflecting the pending merger with Merrill Lynch & Co., Inc. and the weak economic environment, which is affecting the level of business activity.
Bank of America expects to have a final plan early in 2009 and estimates it will project the reduction of approximately 30,000 to 35,000 positions over the next three years. A final number will not be determined until early 2009.
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Jess Badlybent at 09:45 2008-12-12 said:
Pay no attention to the man behind the curtain...I am the Great and powerful Oz...er...I mean Hank. Yep, this is the type of job creation we can expect from the spending of the great Taxpayer Bleed-Out...er...I mean...Bank Bail-Out dollars. Our boy Hank wants us to believe that showering his favorite banks with capital to buy-out other banks is going to create or sustain jobs. We can thank our wonderful, hardworking and intelligent members of Senate and Congress for buckling under Hank's charm and handing him our checkbooks. Now he can pay banks to cut jobs. Permalinkadd a comment | go to forum thread
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