The recent announcement by Fleet Financial Group that it plans to cut 5,500 of i

Authors

Source

Portland Press Herald

Date

3-25-1994

Pages

1C

Abstract

The recent announcement by Fleet Financial Group that it plans to cut 5,500 of its 22,000 jobs to improve profitability means that 275 of Fleet's 1,400 Maine positions will be targeted for elimination. The Maine workforce does not yet know what positions will be cut, meaning Fleet must manage its employees carefully over the next six months to guard against alienating customers. Details.

Subjects

Banks and banking, Dismissal of Employees, Fleet Financial Group

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