Sept. 12 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender by assets, will eliminate 30,000 jobs in the next few years as part of Chief Executive Officer Brian T. Moynihan’s plan to bolster profit and the company’s stock. The reductions, equal to about 10 percent of the firm’s workforce, are part of the first phase of an overhaul that aims to remove about $5 billion in annual costs by the end of 2013.
Comment on Bank of America to slash 30,000 jobs in cost-cutting plan
Hugh Son, Washington Post
Mon, 09/12/2011 - 9:56am
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