MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 2, 2002 State Street Trims Sails ... Again Employees of State Street have just gone through a third round of job cuts. This time those let go totaled 75, including workers in the marketing, legal, and facilities departments, reports today's Boston Globe. So far this year the Boston-based firm has axed 500 of its 20,000 strong workforce. Another 500 employees are expected to separate from State Street when US Bancorp's acquisition of its corporate trust business is completed later this year. State Street officials are not ruling out further job cuts as time goes on. They add, though, that workers may be added to business units that are growing. Printed from: MFWire.com/story.asp?s=3614 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |