www.baltimoresun.com/business/bs-bz-boa-md-layoffs-20110913,0,5332549.story

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BOA not detailing layoffs in Maryland

Bank employs 4,000 workers in the state

By Hanah Cho, The Baltimore Sun

6:26 PM EDT, September 13, 2011

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Bank of America is not releasing details on how many Maryland workers are to be laid off in its job-cutting plan.

The financial institutution, the largest in Maryland by deposits, said Monday that it planned to cut 30,000 jobs nationwide over several years. Bank of America says the move, along with other cost-cutting measures, will save $5 billion a year.

The bank employs about 4,000 people in Maryland. It has not detailed the locations of any of the job cuts.

hanah.cho@baltsun.com

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