Bank of America to Eliminate 35,000 Jobs
December 11, 2008 at 21:50 PM EST
Bank of America Corporation (BAC), the third-largest U.S. bank, said it is working on a plan to eliminate 30,000 to 35,000 positions over the next three years reflecting the pending merger with Merrill Lynch (MER) and the persistent weak economic environment. The job cuts, which according to the bank will not be determined until early 2009, [...]