Local News
5:50 pm
Wed June 25, 2014

Bank of America To Lay Off 540 In Charlotte

Credit MoneyBlogNewz / Flickr

Bank of America is laying off 540 employees in Charlotte. The company will cut employment in the city’s Legacy Asset Servicing division by more than half. 

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Sunday Headlines
9:44 am
Sun August 11, 2013

Film and TV producers lobby to keep N.C. incentives

Film and TV producers are warning that North Carolina could lose thousands of jobs and millions of dollars in investment if it doesn't extend a state incentive program set to expire at the end of 2014. The Motion Picture Association of America wrote to state officials four days before the Legislature adjourned recently, according to the Raleigh News & Observer.

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10:17 am
Fri June 21, 2013

Sequester Cuts Federal Program That Tracks Layoffs

Monthly number of businesses laying off at least 50 people, 2003-2013, according to data from the Mass Layoff Statistics program.
Credit Ben Bradford / WFAE

One of the fears about the federal budget cuts known as the sequester is that they could shrink the economy and trigger large layoffs. At the same time the government is cutting its program that tracks large layoffs—because of the sequester.

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5:19 pm
Thu January 31, 2013

Freightliner Cuts 1,200 Charlotte-Area Jobs

Three Charlotte-area plants make parts and assemble Freightliner trucks.
Credit KDavidClark/Flickr

The numbers are in on Daimler Chrysler’s plan to lay off workers at its three Charlotte area Freightliner plants. The tally is 1,200 jobs.

To comply with federal law, Daimler notified state and local governments this week that the company plans to lay off workers as soon as April. The state posted the numbers of expected layoffs today: 80 workers from a parts plant in Gastonia, 405 from an assembly plant in Mount Holly, and 715 from the assembly plant in Cleveland. Daimler cited “softening economic conditions” as the catalyst.

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4:25 pm
Thu September 20, 2012

Reports Of New BofA Layoffs Misleading

Bank of America branch.

Headlines Thursday were full of news that Bank of America will cut 16,000 jobs by the end of the year. But the headlines can be misleading.

These layoff reports give the impression that every few months there's another major bloodletting at Bank of America. In fact, this latest 16,000 number - and others we've heard in recent months - are all part of the same job cuts announcement Bank of America made last September -  30,000 jobs it said it would cut.

At that time, Bank of America CEO Brian Moynihan described a plan to get the bloated bank back to its fighting weight.

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