Social safety net braces for layoffs at MBNA

[UpInArms]

http://www.delawareonline.com/apps/pbcs.dll/article?AID=/20051219/BUSINESS/512190307/1003

Once a month, hundreds of low-income people line up at Shiloh Baptist Church in Wilmington for boxes of free food.

The Rev. Clifford I. Johnson worries that the lines could get longer soon if MBNA, Delaware's largest private employer, announces widespread layoffs as part of its sale to Bank of America.

"People we might not have seen before will be showing up for food," said Johnson, pastor of the church.

"If we have members of the congregation who are MBNA employees ... they might need some help from the church," Johnson said. "There are many day-care centers that take care of MBNA employees' kids. There are shops that depend on MBNA employees. It's going to be a major ripple effect."

Charlotte, N.C.-based Bank of America said it will eliminate 6,000 jobs between the two companies after the purchase is complete in January. The company hasn't said how many of those jobs will be in Delaware, where MBNA employs about 10,500 and Bank of America employs 1,300. Analysts estimate the state could lose more than 3,000 jobs.

...more...

[SoCalDem]

1. Ironic , isn't it?

The guy in front of you in the free-food line might be the same guy who'se been calliing you threatening you if you don 't pay your bill :evilgrin:

[WhiteTara]

2. is that instant karma?

:shrug:

[ShockediSay]

3. Isn't the stock market doing great

with all these layoffs. Bolivia and Venezeula are looking good.

[ticapnews]

4. More irony:

The very people coming for help are probably going to be the same people who have been giving them money and food for years. So not only will more people be asking for help, fewer people will be able to provide it...

[Coastie for Truth]

5. Out here in Silicon Valley

You see a 30-something face working as a stockboy at WalMart, and that evening the same 30-something face volunteering at a Salvation Army shelter ("networking") and at 2AM that same 30-something face working as a Red Cross volunteer at a fire ("networking").

I've seen it here in Silicon Valley - and he had an MS in Engineering.

[BlueInPhilly]

6. MBNA has a lot of good people...

and they don't deserve this, they did not deserve the excesses of Charlie Cawley and the incompetence of Bruce Hammonds either. But those 2 and their minions will do just fine. The people who answer the phones are the ones who will get the shortest end. MBNA, by the way, is as Republican as any company can ever get. (I used to work there and lasted a year).

[Coastie for Truth]

7. You would be amazed at how many EX dot-commers

are now in the "Allied Health Professions" (to use a Delaware Valley Term) after extensive "networking."

[UpInArms]

8. Welcome to DU BlueInPhilly!

Glad to have you here :hi:

[BlueInPhilly]

9. Hey Thanks, UPIA!!!

(Waves back!!!) :hi: Although I've been lurking since 2004!

[CountAllVotes]

10. I believe that

and I plan to pay off my MBNA card soon and close the acct. They tried to screw me once; I won't wait for the second time.

FOOL ME ONCE ... :evilgrin:

:kick: