News Radio 710 KEEL » cost reductions http://710keel.com Depend On It! Wed, 22 May 2013 14:20:59 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Bank of America to Cut 30,000 Jobs As Part of $5 Billion Reductions http://710keel.com/bank-of-america-cut-30000-jobs/ http://710keel.com/bank-of-america-cut-30000-jobs/#comments Mon, 12 Sep 2011 16:44:31 +0000 Shauna Wright http://tsminteractive.com/?p=45443 On Monday, Bank of America announced that part of its plan to cut $5 billion in spending by 2014 includes the elimination of 30,000 jobs.

CEO Brian Moynihan made no mention of layoffs during an investor conference, and the bank says it expects the job losses to occur naturally through attrition and not rehiring when people vacate their positions.

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