Post by Chris_Wendt on Sept 15, 2011 5:53:33 GMT -5
With Bank of America poised to begin laying-off thirty thousand (30,000) people, the emerging catch phrase, replacing the former "Too Big to Fail", is "Too Big to Manage".
With this size layoff on the horizon, it is no wonder there is almost panicked urgency in the President's attempts to sell his jobs bill to Congress.
But 30,000 layoffs are not BofA's only problem.
Yesterday, the US Dept of Labor found that BofA illegally retaliated against an employee for blowing the whistle on Countrywide Financial Corp. The Labor Dept has ordered BofA to re-hire and make this employee whole, at a cost to BofA of $930,000.
Here we go again....
Chris Wendt
With this size layoff on the horizon, it is no wonder there is almost panicked urgency in the President's attempts to sell his jobs bill to Congress.
But 30,000 layoffs are not BofA's only problem.
Yesterday, the US Dept of Labor found that BofA illegally retaliated against an employee for blowing the whistle on Countrywide Financial Corp. The Labor Dept has ordered BofA to re-hire and make this employee whole, at a cost to BofA of $930,000.
Here we go again....
Chris Wendt