» Bank of America may cut up to 400 U.K. jobs

Bank of America may cut up to 400 U.K. jobs

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Bank of America may cut up to 400 U.K. jobs

Bank of America Corp. could cut as many as 400 jobs in the United Kingdom as part of its Jan. 1 acquisition of MBNA Corp., the Charlotte bank told employees in that country last week.To meet regulatory requirements, Bank of America told workers it could eliminate 100 to 400 positions, 250 of which are currently vacant, spokeswoman Alex Liftman said. The jobs wouldn’t be cut until spring.

Bank of America has said it plans to eliminate 6,000 positions as part of its takeover of the credit card issuer, but has given few details. Liftman said no final decisions had been made on when and where job cuts will occur.

The United Kingdom positions were administrative jobs that overlapped with Bank of America’s London operations.

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