Economy

August 19, 2011

Bank of America to eliminate jobs, more going in fall

Bank of America Corp. has begun eliminating 3,500 jobs companywide ahead of further cuts that are expected to come this fall. The bank declined to provide a breakdown of the cuts by city, but Charlotte, as a major employee hub, would be expected to lose jobs in companywide layoffs. The bank has said it has about 15,000 workers in its headquarters city.

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