Sunday, December 14, 2008

Equal cuts expected at Merrill and BofA

Equal cuts expected at Merrill and BofA
Financial Times - 16 hours ago
It is normal for an acquiring company to push the brunt of any redundancies on the acquired company, but insiders from both Bank of America and Merrill Lynch expect that the 30000 to 35000 layoffs announced yesterday will be almost evenly spread

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