Monday, October 20, 2008

‘Thousands’ of Merrill Jobs May Be Cut

Mother Merrill has the knife out.

Bank of America’s takeover of Merrill Lynch is likely to cause thousands of layoffs, said John Thain, Merrill’s chief executive,today.

Speaking in Dubai while on a regional tour, Thain said the jobs would be lost in the corporate and services sectors, such as information technology.

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