Bank tellers lose benefitsThousands of tellers at Bank of...

BUSINESS DIGEST

February 05, 1993

Bank tellers lose benefits

Thousands of tellers at Bank of America are losing their full-time jobs and are being offered part-time positions without health or other benefits, the San Francisco Chronicle reported.

The move is a sweeping attempt by the bank to slash costs and gain staffing flexibility after its merger with Security Pacific Corp. For many tellers at Bank of America, California's largest financial institution, paychecks will be cut by as much as 50 percent.

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