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Bank of America confirms layoffs at Northeast branches.

Knight Ridder/Tribune Business News

| August 19, 2004 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Rick Rothacker, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News

Aug. 19--Bank of America Corp. confirmed layoffs Wednesday at FleetBoston Financial Corp. branches in the Northeast as the Charlotte-based company moves forward with its acquisition of New England's biggest bank.

Bank of America spokeswoman Eloise Hale would not provide the number of jobs cut, but said it was "significantly" less than the 1,500 reported by the Boston Globe, which cited an anonymous branch manager. Hale said the layoffs were part of the 12,500 positions the company previously has said would be eliminated in the merger.

The news came just two …

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