First Union plans cut of up to 10% of workers
Article Abstract:
First Union Corp plans to cut as many as 10% of its 71,500 workers, including many at the Philadelphia-area operations of the former CoreStates Bank N.A. First Union expects the layoffs to save $650 million out of an annual budget of $8 billion. First Union intends to scale back spending on investment sales and investment banking, and to achieve greater savings from its merger with CoreStates.
Comment:
First Union Corp plans to cut as many as 10% of its 71,500 workers, including many at the Philadelphia-area operations of the former CoreStates Bank N.A.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
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R.I. banker named CEO of Citizens Bank of Pa
Article Abstract:
Providence, RI-based Citizens Financial Group has appointed Stephen D. Steinour to head its new Pennsylvania bank.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2001
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