Tagged: layoffs

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.

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.