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Real Estate & Property Law

: Housing Wire

Bank of America Will Cut At Least 30,000 Employees Before 2012

By DIANA GOLOBAY

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Bank of America Corp. (BAC: 14.91 -10.67%) announced Thursday it will eliminate between 30,000 and 35,000 employees within the next three years. The staff reduction is a response to the pending merger with Merrill Lynch & Co. Inc. (MER: 12.67 -10.14%) and the weak economic environment, “which is affecting the level of business activity,” according [...]

Full post as published by Housing Wire on December 11, 2008 (boomark / email).

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