To: Eric in the Ozarks
Bank of America merged with Nations Bank. Nations leadership took over running the bank which kept the name of BOA. They did not last too long and were replaced. My wife worked for BOA for 32 years. After 32 years, they called up every person in the section she worked in, in 7 offices around the country, and told them they were done in 2 weeks. Thanks. 85% of the people laid off were over age 55. My wife at least got to retire and got a one year buy out salary. Some did not get either of those. The ones that took the 1 year buy out had to sign a document saying they would not sue for age discrimination. If they refused to sign, no buy out and you got canned anyway and if you wanted to sue, do it and take your chances. She took the retirement and money and got a new job. She actually started with another bank, Seattle First National, known as SeaFirst. BOA bought it and let SeaFirst keep their name until that merger with Nations. Then all became BOA. They really changed the bank after BOA and Nations bought SeaFirst. My wife hated the BOA/Nations bunch. We were actually glad she got bought out. Finally we both just retired and moved out of the Peoples Republic of WA State. Happy to be home in Alabama.
12 posted on
04/20/2012 12:53:24 PM PDT by
RetiredArmy
(He has Risen!!! If you do not know Him, this is the perfect week to seek Him out!!!)
To: RetiredArmy
I have no friends — none — that are over 55 and have not been laid-off from their long-time jobs and replaced with workers who cost the company less. If there is another special interest group that needs forming, it’s us: Over 55 and Screwed Out of Our Jobs. Where’s OUR bailout??
21 posted on
04/20/2012 1:43:27 PM PDT by
pabianice
(ame with)
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