Sunday, March 4, 2012

B of A to Lay Off 4,000 LaSalle Workers.(Bank of America)

Bank of America Corp. plans to eliminate nearly a third of LaSalle Bank Corp.'s jobs once it acquires the Chicago unit of ABN Amro Holding NV, and despite protests from local groups, B of A refused to announce any long-term plans for community investment or job creation in the region.

Scott Silvestri, a spokesman for the $1.5 trillion-asset Charlotte company, said it told employees Monday that it would cut 4,000 jobs once it acquires LaSalle from its Dutch parent. Of those cuts, 2,500 would be made in Illinois, and the other 1,500 would be made in Michigan. LaSalle has sizable operations in Detroit.

The layoffs would occur over the next two years and would …

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