Labor & Economic News Blog


Tuesday, September 16, 2008

Up To 50,000 Jobs At Risk In Banks' Collapse

Up To 50,000 Jobs At Risk In Banks' Collapse
NPR
Lehman Brothers' 26,000 employees started to clear out their offices Sunday as the securities firm files for bankruptcy. Meanwhile, Merrill Lynch collapsed and agreed to be taken over by Bank of America. Thousands of jobs will disappear in an industry that has lost 100,000 jobs since the start of the credit crisis a little more than a year ago.

 



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