Posted on 12/01/2010 10:51:20 AM PST by massmike
State Street Corp.’s employees face an ugly holiday-season reality as the massive Boston money manager moves to slash 1,400 jobs by the end of the year to bolster its bottom line.
Even though State Street was thought to be one of the stronger financial firms in the country, the custodial bank unexpectedly announced yesterday it was reducing its 29,000-strong global work force by about 5 percent.
About 400 of the job cuts will be in Massachusetts, where it now employs about 12,600 workers - making it one of the top employers in the Bay State. The cuts will begin this week and run through the holidays, the company said.
(Excerpt) Read more at bostonherald.com ...
The voters keeping all the Dems in this state was so very foolish.
....and they'll keep on voting democrat,too...
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