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Standard Federal Bank announces (500) layoffs

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:42 PM
Original message
Standard Federal Bank announces (500) layoffs
http://www.mlive.com/newsflash/business/index.ssf?/base...

TROY, Mich. (AP) The parent company of Standard Federal Bank announced Tuesday that it would lay off hundreds of people in Michigan and elsewhere.

The changes are expected to affect 500 jobs at Troy-based Standard Federal and Chicago-based LaSalle Bank, although about half of those people likely will be offered new jobs, said Shawn Platt, a spokesman for LaSalle Bank Corp.

Platt could not say how many of the layoffs would take place in Michigan.

<snip>

The company has 18,000 employees in North America, primarily in Chicago and Michigan. There are 273 Standard Federal branches in Michigan and Indiana, and 140 LaSalle branches in Chicago and the suburbs.

...more at link...
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llmart Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:44 PM
Response to Original message
1. Look at that Bush job machine go.........
and go and go and go (the way of the dinosaur).

But hey, we can't worry about that. We have some fatcat donors to reward at the upcoming coronation.
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mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:48 PM
Response to Original message
2. Seems The Bush Jobs Machine Is Picking Up Steam
Pretting soon, all of Bush minions will be (un)employed!
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CornField Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 05:49 PM
Response to Original message
3. Wonder what the new jobs will be?
Janitors? Bean counters?

Whatever they are, I'll bet $20 that they pay at least 25% less than the other jobs.
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