Wednesday, September 26, 2007

Bank of America to release 1500 Michigan workers

Detroit News reports:

"Bank of America Corp. will close its $21 billion deal to purchase LaSalle Bank next week, a move that will trigger the beginning of 1,500 layoffs of LaSalle workers in Michigan over the next two years."

Lawrence Di Rita, a spokesman for Bank of America, headquartered in Charlotte, N.C., also said with respect to customer experience,"There are typically hiccups along the way, but we try to minimize them. There is no reason to believe this won't be a smooth transaction."

Do you suppose the 1500 lost jobs will be experienced by the workers as mere "hiccups along the way?" Will their children who experience disruption in home life and stressed parents find the circumstance a mere inconvenience, a blip in the grand scheme of their formative years?

Well, that's not Bank of America's problem. In the last two weeks Bank of America announced it was raising ATM fees for non-Bank of American customers in order to provide better service to its own customers. How about sending a small portion of those fees to a fund for displaced Bank of America workers to assist with transition to some other knowledge-based, new economy job?